John O'Quinn is a lawyer. A rich one. He made his money in a tobacco lawsuit settlement, and disposable income is no longer a problem for him. He demonstrated this at this past weekend's Kruse International auction in Indiana, where a $1.3 Million shopping spree left his bank accounts a little lighter and his garage a little more crowded. His new toys included not only the Alex Nunez
Ethanol membership in the British Touring Car Championship (BTCC) is now up to four. Team RAC recently announced that they'll be running the MG ZS cars of drivers Colin Turkington and Rob Collard on the E85 mixture for the 22 round at Knockhill. Jason Hughes of Kartworld Racing also running an MG ZS made the move to ethanol for on the 16th round.
Even though the slight decline in fuel prices might have reduced the worry in some of us, more and more investors are starting to believe we are now close to the peak of global oil production. If the world is currently at or near its peak oil capacity, it would mean the end for cheap and abundant crude in the near future. While some might say the lack of abundant oil has already lead to war, things could get significantly worse, according to some geologists' theory known as peak oil. Clearly, th
Congressman Ed Markey (MA) has released a new report entitled Tipping the Scales to coincide with a bill titled H.R. 5579, the No Special Subsidies for Gas Guzzlers Act. The report focuses on the tax loophole that exempts people purchasing an SUV from paying a gas-guzzler tax, which is normally applied to the purchase of any vehicle returning less than 22.5 mpg. The report points out that, for instance, someone buying a 20.5 mpg Audi gets dinged by a $1,300 gas-guzzler tax, while someon
A federal court judge just did what many fellow racers were never able to do: Slow Carroll Shelby down. One-time Shelby Mustang licensee Jon Wilhelm of Wilhelm Motor Works was given the green light to proceed with a huge ($250 mil) countersuit against Carroll Shelby International, Inc., Carroll Shelby Licensing, and the Carroll Hall Shelby Trust in Shelby's suit against Wilhelm for continuing to create Shelby Mustang recreat
