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Zaragoza. General Motors Europe, part of the leading global automotive group, Veolia Environnement, world leader in environmental services, the energy developer Clairvoyant Energy and the Government of Aragon, Spain, today announced a further commitment to energy efficiency with the construction of the world’s largest capacity rooftop solar power station.
Veolia Environnement and Clairvoyant Energy are building a solar power station with a capacity of 10 Mega Watts at GM’s Zaragoza plant, which assembles more than 480.000 vehicles a year. As part of the scheme initiated by GM, the rooftop power station will be owned and operated by a joint-venture company comprised of Veolia Environnement, Clairvoyant Energy and the Government of Aragon.
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Once again, high fuel prices are dampening travel plans this holiday. More Americans will stay home this Fourth of July than last year, just as they did during the Memorial Day weekend.
With fewer people on the road, retailers have seen demand for fuel drop, according to data released today by NATSO, a trade group representing the travel plaza industry.
Ask any economist what happens when a product’s supply is ample but demand is lower, and you’ll hear that the price of that product is likely to fall.
Continue to read: Gasoline and Diesel Demand Drops, Survey Shows
Average gasoline prices in the states are around $3.40 per gallon. People are literally freaking out saying that the prices are way too high.
But what if you had to pay what people in Europe pay? Would you sell your pickup truck and start driving something more efficient that gets you at least twice the mileage?
Why do Europeans pay so much more? The gas prices in Europe depend on the countrys tax system. Over half of the money you pay on gas goes to cover different taxes on gasoline.
Continue to see the comparison table we made
OTTAWA - Prepare for gasoline prices to hit $2.25 a litre(about 8USD gallon) by 2012 and for crude oil to soar to $225 US a barrel as scant supply growth delivers us into the “age of scarcity,” says CIBC World Markets chief economist Jeff Rubin.
“Despite the recent record jump in oil prices, the outlook suggests oil prices will continue to rise steadily over the next five years, almost doubling from current levels,” Rubin said in his report, titled The Age of Scarcity.
With many oil-producing countries subsidizing gasoline prices, demand has surged in the developing world as new affluence drives auto purchases.
Continue to read: $225/barrel oil predicted by 2012
