Oil price hits 17-month high thanks (?) to economic recovery in the U.S.
Filed under: Etc.
Two years ago, the price of oil was shooting to highs of over 100 dollars a barrel. Today, it’s not quite that high, but the price of a barrel of crude did hit $86.62 this week, its highest point in 17 months, thanks (?) in part to “growth in American jobs and service industries signaled that the economy is recovering,” as Bloomberg put it. A related increase came in the S&P 500, which went up 0.8 percent to 1,187.44.
For the past six months, barrels of oil have traded at prices between $68 to $84. The Venezuelan oil minister said recently there is a $75/barrel price floor and that Venezuela is looking for oil to trade somewhere between $80 and $100 a barrel. For its part, OPEC cut production rates earlier this year to “prevent a supply glut” (and keep prices high). If the trend continues, all the money we’ll make in the economic recovery can be used to pay for the more expensive gasoline. Yay.
[Source: Bloomberg | Image: NatalieMaynor - C.C. License 2.0]
Oil price hits 17-month high thanks (?) to economic recovery in the U.S. originally appeared on Autoblog Green on Tue, 06 Apr 2010 19:01:00 EST. Please see our terms for use of feeds.
2012 Opel City – the cheapest car
German carmaker Opel plans in 2012 to launch a new model. According to plans of the manufacturer, it will be the smallest car in the lineup. It will be smaller Corsa.
Curiously, the main advantage of the new Opel models are not only the size and appearance, but also a very low price, thanks to a new model of Opel will have the right to be called “the most affordable German car.” The model was code-name Opel City. The basis for the establishment of a car will serve as a platform of the new model Chevrolet Spark.
Via Cool Cars
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Video: Celebrating 60 years with the women of Vespa
Filed under: Classics, Europe, Marketing/Advertising, Motorcycle
“Hello, would you like cake with your Vespa?”- Click above to watch the video after the jump
When you hear the term biker babes, the images that fill your mind may include bleach blond hair and the scant use of finely crafted leather bikinis. So you probably haven’t stopped to consider the sexier side of the scooter industry, right? Don’t feel bad – we needed a little encouragement too.
Usually when talking Vespa, we may be covering a new model release, maybe explaining how practical the “wasps” could be for your urban commute or that Sunday trip to the beach. Who knew beyond their cool, iconic exterior that Vespa has had so many run-ins with the fairer sex over the years? When we stumbled across this video history of the women of Vespa, it seemed the right thing to do was pass it along. Sexy, cool classic – Vespa knows just how to get our attention. Click past the break to see for yourself.
[Source: SoloMotoTreinta via Twowheelsblog] Read more…
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Tata Nano goes for a charity ride
Tata Motors donated 6 Nanos to Smil Train which is the world’s largest cleft charity organization. The keys of the Nanos were given by non other than Mr Ratan Tata, Chairman of Tata Sons to the charity organization.
Smile Train provides free treatment to any child in need who has problem of clefts which can be corrected by simple procedures. The organization will use the Nanos to display dramatic before and after pictures of children who have been helped spreading a simple and clear message that clefts are easily correctable.
Source: Motorbeam.com
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Honda’s Volt-like plug-in hybrids coming soon?
GM’s range extended plug-in Volt
When the next Honda Accord hits the streets, it just might come with a plug-in option according to some Honda insiders. It seems Honda has been quietly developing a Chevy Volt-like plug-in hybrid drive that also utilizes capacitors to increase EV range.
In addition to the next Accord, Honda’s new plug-in drive could also be fitted to larger vehicles, including SUVs.
Via Hybrid Cars
New York Preview: 2011 Kia Sportage (USDM)
With a premiere at the Geneva Motor Show behind it, the 2011 Kia Sportage is headed for U.S. dealers later this year. The Sportage bows today at the 2010 New York Auto Show, and Kia’s released this photo in advance of the North American debut.
Bearing some cues from the Kia Kue concept car, the Sportage takes an entirely different styling tack than the 2010 Hyundai Tucson, which shares its compact-crossover running gear. Bigger and more substantial by far than the previous Kia entry-level ute, the new Sportage wears some crisp, angular new sheetmetal over its larger interior spaces and upgraded cabin. The face looks familiar, if you’ve kept pace with the barrage of new Kias issued this year–Forte, Soul and Koup. The Sportage is maybe the most flamboyant, with dramatic side fender flares and a backswept rear end. Up front it’s the latest evolution of the new Kia corporate face, but with lots of detail and some strong resemblance to the 2011 Kia Optima sedan–also on display in New York.
The powertrain will be a 176-horsepower 2.4-liter four-cylinder that Kia says gets better gas mileage and makes more power than its former 2.7-liter V-6. A turbocharged four-cylinder engine is in the works, but power output is undisclosed. A six-speed manual is the standard on all Sportages; the front-driver gets options for a six-speed automatic with sport-shift controls (shared with the bigger Sorento crossover) and for all-wheel drive.The Sportage grows considerably in this edition–the length is up to nearly 175 inches, and the wheelbase checks in at 104 inches. The suspension is independent at all four corners, and Kia says ride quality is comfortable, while handling responsiveness is better in the new vehicle–as is noise and vibration control.
Continue reading for the full article
Dual front, side and curtain airbags will be standard, along with tire-pressure monitors, active headrests and a suite of electronic traction controls, from stability control to hill start assist to downhill brake control.
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