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Correct. "Oil prices have moved to a higher level, and they're going to stay there," says Wyss. Expect crude to remain around $50 a barrel, while gasoline could reach $5 a gallon within the next few years. There will always be blips in both directions. A hard landing for the Chinese real estate market, for example, could stall growth and cause a sudden drop in oil prices. "People would be terrified [by such an economic slowdown]," says Jim Rogers, a prominent commodities investor. "But it wouldn't last." Politics can also create short-term volatility: trouble in Saudi Arabia...
...representatives in Congress protest that increases in federal investments in energy RD&D are not in the cards given current budget realities. But a doubling of those investments could be funded with an increase of two cents per gallon in the federal gasoline tax. As for the private sector’s investments in developing and deploying low- and no-carbon dioxide energy options, these will start to rise significantly only when there is a marketplace incentive for such action, either in the form of a carbon tax or its practical equivalent in the form of economy-wide emissions caps...
When regular paint dries, it can release compounds that contribute to smog and irritate your lungs. Benjamin Moore EcoSpec, above, can help keep the air cleaner. The upside: no new-paint smell. The downside: you'll pay up to $5 more per gallon...
...trend can be found in the cyclical swings of supply and demand for auto fuel. Little more than a year ago, the world was swimming in gasoline. As a result, prices at the pump began to fall, and oil companies suffered a profit squeeze. The average cost of a gallon of gas declined from $1.22 in May of 1984 to $1.15 by last January. In response, companies curbed production. At least 18 American refineries closed last year. The cutbacks have reduced U.S. inventories of gasoline by 9%, to 222 million bbl., since December. The tight supply and a seasonal pickup...
...average price for a gallon of gas exceeds $2 in every state; California has the highest average at $2.48 and New Jersey the lowest at $2.02 ? The Supreme Court ruled that individual retirement accounts, like 401(k)s, are exempt from creditors in bankruptcy ? AOL launched an Internet phone service, for members only at first; monthly fees start...