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...here's another task sure to clog your calculator-tallying the cost of the auto bailout. With General Motors Corp. running through $10 billion in cash from the federal treasury during the first three months of 2009 and Congress poised to offer consumers substantial tax credits for new, more fuel efficient vehicles, the costs of helping the struggling automobile industry are mounting fast. Throw in special financing for auto loans supported by the Federal Reserve Board, and the aid for automakers now totals $83 billion-and it keeps growing...
...study makes the case that ethanol isn't even the greenest way to use biomass as a fuel. In an article published in the May 8 issue of Science, researchers from the Carnegie Institution, Stanford University and the University of California-Merced (UCM) used life-cycle analysis - which takes into account the entire impact of a biofuel from field to vehicle - to show that converting biomass to electricity (to power electric cars) produces 80% more transportation energy than turning it into ethanol (to power a flex-fuel car), with a carbon footprint that is half as small. (Bioelectricity is created...
...government subsidies, yet in the 2007 energy bill, Congress ruled that to be eligible for support, corn ethanol has to emit 20% less climate pollution than gasoline. If you include the indirect land-use effects of ethanol - the increase in deforestation caused by using land to grow fuel - it's unlikely to hit that target. On May 5, the Environmental Protection Agency (EPA) released a proposed rule that would take into account indirect land-use effects when judging just how green corn ethanol is. Unless the rule is changed - the powerful corn lobby will be working hard to make that...
...According to the Edmunds.com review, the new model of Chrysler's top van is "a bona-fide contender for the Best-in-Class sash." Which sounds good - but would the sash count under "receivables" in bankruptcy court? The 4-liter T & C is virtually identical to the Odyssey in fuel efficiency and emissions, which means I could pick up $3,500 for buying one. (See the most important cars of all time...
...pocket the large money, the $4,500, I would need to find a buggy that averages five or more miles per gallon above our current wreck's fuel intake. But that's an easy search on this website. In a matter of seconds I discovered the Mazda 5 minivan, with manual transmission, which averages 24 miles per gallon, spews just 4.1 tons of carbon and sips a mere 7.6 barrels per year. It's a van that a guy could proudly drive to a lunch with Al Gore and the Dalai Lama, with just one downside: evidently we would have...