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Ratan Tata emphasized that the new car complies with India's emissions laws and even with Europe's much stronger Euro 4 standards. Emissions, Tata says, are "lower than a scooter's today". The company claims the car will also deliver 50 miles per gallon, or better than 20 kilometers per liter, which would make it one of India's most efficient vehicles, and vastly more efficient than the average in the U.S. Chief U.N. climate scientist Rajendra Pachauri, who shared last year's Nobel Peace Prize with Al Gore, said recently that he was "having nightmares" about...

Author: /time Magazine | Title: The World's Cheapest Car | 1/10/2008 | See Source »

...that miserable body of water. Sixty per cent of the world's reserves sit underneath its shores, and 17 million barrels of crude oil exports pass daily through the Strait of Hormuz. Should the Iranians ever find themselves in a position to close it, Americans would pay for a gallon of gas - what, $10? It's no wonder that Iran's Revolutionary Guards decided on Hormuz to draw a line in the sand...

Author: /time Magazine | Title: Behind the US-Iran Gulf Confrontation | 1/8/2008 | See Source »

...senior fellow at Environmental Defense. But unlike past eras of high-altitude oil prices, caused by short-term disruptions in supply, today there are simply more countries demanding more oil than ever before, and that's unlikely to change soon. Gasoline prices lag behind oil in the U.S. - a gallon currently goes for an average of $3.05 nationwide - but analysts predict that gas could pass $4 a gallon by the spring...

Author: /time Magazine | Title: The Green Upside to $100-a-Barrel Oil | 1/2/2008 | See Source »

...question you ask. What are you worried about? And it's not so much what is happening in Iran. That's important to him. He may not understand every day how important that is. But you know what is important to him? If gas is $3 a gallon, can he afford to put enough of it in his tank to get him to and from work, every day this week? That's real. That's real...

Author: /time Magazine | Title: Mike Huckabee: Front-Runner Q&A | 12/30/2007 | See Source »

...seen the U.S. consumers' rate of spending--the year-over-year growth rate--slowing down throughout the year. Think also about energy prices--we've gone through $3 a gallon. But I'm optimistic that we won't see recession, that we'll manage through this...

Author: /time Magazine | Title: Credit Cards and Spendthrifts | 12/13/2007 | See Source »

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