Thursday, May 27, 2004

Coming In Out Of The Cold; Hybrids put to the test

By Jennifer Lee

Reporting for FuelCellCarNews.com and InvestorIdeas.com

Point Roberts, WA, Delta B.C.- May 25, 2004 With gas prices reaching an all time high and not much promise of an end in sight, hybrid technology is falling under the lens of some careful scrutiny these days with investors. In a recent article in MIT’s Technology Review, author Peter Fairley estimates “though buyers would have to pay more initially for gas-electric hybrids, they could save, on average, $5,000 at the gas pump over the 15-year life of a vehicle.”

That’s a considerable chunk, especially when we look at this past Monday’s chain reaction in rising prices, with US light crude futures increasing to around $1.30 on the New York Mercantile Exchange, bringing the price of West Texas Intermediate July delivery up to around $41.25 per barrel. In London, Brent crude also rose $1.24 (3.4%) to $37.75 a barrel on the International Petroleum Exchange.

But some of the questions we have for hybrid technology are...(Full Story)

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