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NEW YORK --- Oil prices once again drifted up near $100 a barrel today, spurred by supply concerns associated with Turkish military actions in northern Iraq as well as increased tensions between Iran and the West over Iran's nuclear program.
Read More →LOS ANGELES --- The Los Angeles Metropolitan Transportation Authority's board of directors has agreed to spend $86.4 million to purchase 100 compressed natural gas buses.
Read More →STAMFORD, CT – W&M Construction of Stamford, Conn., is converting its entire fleet of Dodge Ram pickups and Dodge Durangos to Ford Escape Hybrids in a drive to promote and use environmentally friendly technologies
Read More →NEW YORK --- Crude oil rose above $108 a barrel in New York to a record high, spurred by investors seeking an alternative to slumping financial markets, Bloomberg reported. Oil in New York surged 80 percent over the past year as the S&P 500 and Dow averages dropped.
Read More →BUFFALO, N.Y. --- Like a growing number of cities, more and more universities are launching programs aimed at exploring the use of biodiesel to power campus vehicles.
Read More →AUBURN HILLS, MI – Several companies will soon offer services and products for converting hybrid cars into plug-in hybrids that rely more heavily on electrical power and can get about 100 miles per gallon. Plug-in hybrids generally have larger battery packs than standard hybrids and smaller gas motors.
Read More →SAN FRANCISCO --- Crude futures fell from a high of nearly $110 per barrel Monday, amid a rally in the U.S. stock market and the strengthening of the U.S. dollar. However, energy traders are still weighing Hurricane Ike's potential to disrupt oil production.
Read More →DETROIT --- Kleiner Perkins Caufield & Byers, a venture-capital firm that was an early backer of Netscape Communications, Amazon.com and Google, is now investing in Fisker Automotive Inc. --- makers of a plug-in hybrid luxury car that will carry a $80,000 price tag.
Read More →KUALA LUMPUR, Malaysia --- The global head of commodities research at Goldman Sachs predicted on Monday that oil prices will likely reach $150 a barrel this summer, with tighter supplies outweighing weakening demand, Reuters reported.
Read More →WASHINGTON, D.C. — Cars and trucks with new, cleaner-burning diesel engines and gasoline-electric hybrids would be eligible for tax credits under a $2.5 billion initiative President Bush outlined April 27, according to the Detroit News.
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