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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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UPS Placed Major Order Of Hybrid, Natural Gas Trucks
Consumption; Demand; Pricesvox_mundi writes:

FRANKFURT -(Dow Jones)- Daimler AG (DAI) said Wednesday that United Parcel Service Inc. (UPS) ordered 200 hybrid electric trucks and 300 compressed natural gas vehicles.

In a statement, Daimler said that this represents its largest of alternative- fuel and drive-train commercial vehicles to-date.


The vehicles will be used by UPS for daily delivery operations across the U.S. and will function in concert with their current fleet of conventional diesel powertrain vehicles.

© The hybrid-electric powertrain, combined with a diesel engine and electric motor, achieves an over 40% improvement in fuel economy and an over 90% reduction in emissions compared to baseline non-hybrid vehicles.

The 200 hybrid electric vehicles will be deployed in 2009.

Dow Jones

Posted on Thursday, May 15 @ 13:57:02 PDT by Leanan
 
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