Word: gallons
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High fuel prices will probably keep Americans closer to home this summer, despite the gas-tax "holiday" supported by Hillary Clinton and John McCain that would shave 18¢ off every gallon of gas through Labor Day and save most families an estimated $30 this summer (while costing the government $9 billion). A recent poll by AOL and Zogby found that 30% of Americans have changed their vacation plans because of high fuel prices. On websites like Ecomodder and Daily Fuel Economy Tip, drivers are learning how to save by driving smarter, hunting down deals, finding alternative modes of transportation...
...that could be used to grow food for humans. Along with low crop yields around the world and increased demand from China, it contributes to rising food prices. Under the new Farm Bill, corn-based ethanol producers may see their tax credit fall as much as 6 cents per gallon, down to 45 cents. The bill would instead offer a $1-per-gallon subsidy to producers of cellulosic ethanol, made from corn stalks, switchgrass and wood chips, which studies show can be produced more efficiently than corn-based fuel...
...than three months later, President Nixon created the Environmental Protection Agency. The air and water got cleaner, DDT was banned, leaded gas phased out, recycling phased in. On the other hand, the world's population has nearly doubled, glaciers are melting, gas is within a drip of $4 a gallon, and there are food riots in countries where prices have soared owing to the diversion of grain to biofuels...
...Science Center reopened at 11:45 a.m. after two teams of fire fighters outfitted with hazardous material suits entered the building, identified the five-gallon spill, and closed a series of valves at the sub-basement level...
...prices heads for a possible $4 a gallon in the U.S. this summer, it's tempting to blame Big Oil - as many in Congress did last week -for its bloated profits greased by generous tax breaks. But the players in the oil-producing world see things a little differently. OPEC officials, oil executives and oil-rich governments met Thursday in Paris at the International Oil Summit, to share their thoughts on the global energy crunch. Total chief executive Christophe de Margerie and Royal Dutch Shell's exploration chief Malcolm Brinded told officials from oil-rich countries that they needed more...