The Daily Five: Thursday, 22 May, 2008
A major energy analyst looks ahead to double-digit gasoline prices; Congress blows its “veto-proof,” energy subsidy-laden farm bill; and a sweet all-electric scooter that guns down the interstate at 60 miles per hour. Start your morning with the latest green and CleanTech news from The Daily Five.
‘Squawk Box’ Guest Warns of $12-15-a-Gallon Gas: Finally, the ugly truth — the Age of Oil is ending, and things get bumpy from now until we deploy market-ready energy solutions. Management Information Services Senior Energy Advisor Robert Hirsch shocked his CNBC hosts Tuesday by predicting $12 to $15 per gallon gas prices, fuel rationing, and economic hardships in the years ahead. Hirsch was actually quoting comments made in February by oil analyst Charles T. Maxwell. While such dire forecasts by petroleum industry spokespeople serve to drive short term prices — and record profits — Hirsch’s appearance underlines what green techies have long known: it’s time for innovation. (Business and Media)
Mixup negates House override of farm bill veto: On Sunday, we reported on the “veto-proof” U.S. farm bill headed to President Bush’s desk.The bill is loaded with subsidies for new alternative energy development. Sure enough, it was vetoed upon landing and sent back to the House, which overturned the veto Wednesday by an overwhelming margin. But wait: it turns out that Congress accidentally left out a 34-page section of the bill before sending it to the Oval Office. Now the House and the Senate will have to re-pass the whole thing. They’ll probably be more careful at Kinko’s next time. (CNN Politics)
Turbo Camaro … Why Not Turbo (almost) Everything?: Yes, the same company developing the Volt’s plug-in goodness will dump a monstrous 400-hp, 6.0 liter V8-powered Camaro on the market next year. Now, at least, someone at GM sees the madness of launching such a gas hog at this point in time. GM Co-Chairman Bob Lutz is mulling the idea of a turbocharged 4-cylinder option for the revived Camaro. While that won’t put it in Prius territory, it’s good to see someone at GM still has a handle on reality. (GMnext)
Going Postal: With Flex-Fuel Trucks, Postal Service Burns MORE Gas: The U.S. Post Office is pushing back a $15 billion investment in new delivery vehicles until 2015. The reason: after purchasing nearly 30,000 “flex fuel” trucks since 1999, fuel consumption has actually risen by 25 percent. That’s because there’s really no infrastructure to provide ethanol-added gasoline for USPS’ flex fleet — and the new vehicles are much larger than the Jeep-based vehicles they replaced. The Post Office will now evaluate more economical options, such as hybrids and electric vehicles. (WSJ.com)
The Vectrix 100% Electric Scooter: As gas prices rise, scooter sales are exploding. There’s no scooter on the road more fossil fuel-efficient as the all-electric Vectrix. It’s also getting great reviews, despite it’s near $12,000 price tag and hefty curb weight. The New York Times gave the Vectrix high marks for quick charging, freeway-worthiness, and superior city performance. The scooter has an official range of just under 70 miles on a single charge, and cruises comfortably at 60 miles per hour. (Metaefficient)


Enter your email address:
Pingback by The Daily Five: Friday, 25 July, 2008 | EcoTech Daily on 25 July 2008:
[...] Service Wants To Green 90% Of Fleet: Back in May, we mentioned that the U.S. Postal Service was trying to formulate a plan for reducing the gasoline consumption [...]