The package of energy legislation headed to the floor of the US House of Representatives does not contain vehicle fuel-efficiency standards. It does, however, contain provisions to promote plug-in hybrid electric vehicles and components. More… Nearly half (47%) of US car owners are willing to buy a more fuel efficient car should gas prices increase $1, but a strong majority rule out using alternative transportation to offset rising gas prices and are more likely to cut discretionary spending, according to a survey by Discover Financial Services. Discover Financial Services is a business unit of Morgan Stanley, and operates the Discover Card with more than 50 million cardmembers. More… Demand for Canadian crude oil—most of it from the oil sands—by US refineries will likely double from about 1.6 million bpd in 2006 to almost 3.1 million bpd by 2015. Over the same period, demand by Canadian refineries for the Canadian oil is expected to rise from 765,000 bpd in 2006 to almost 1.1 million bpd in 2015, a 44% increase. More… The Chrysler Group and Ford Motor have joined the United States Climate Action Partnership (USCAP), endorsing and participating in its call for economy-wide mandatory reductions of greenhouse gas emissions. More… (more)
(Posted by Mike Millikin in Transportation at 4:02 PM)