To the prestigious International Energy Agency :” If oil averages USD 120 per barrel in 2012, the global oil import burden is set to reach a record high of over USD 2 trillion, or USD 5.5 billion per day “ Their press release goes on : ” The current price levels are on average higher …
Even if electric vehicles are due to be a major hit this decade – I will soon propose you a series of articles on that – energy efficient internal combustion engines (and hybrids) still may be a solution to cut our oil consumption. The Volkswagen Up! Light with its extremely efficient engine might be the …
According to a study carried out by IBM’s Institute for Business Value – Automotive 2020: Clarity Beyond the Chaos – and quoted by EcoGeek, all cars may be hybrid by 2020. This is reinforced by the fact that Toyota, the leading car maker and producer of the global success Prius (pictured left), has previously stated …
