In early May of 2011, the national average price of gasoline in the United States hit exactly $4 a gallon before falling to the current level of $3.56. However, if predictions from Barron's hold true, then prices will shoot back up in early 2012, hitting $4.50 by next spring.
Zipcar's initial public offering (IPO) earlier this month turned a concept – vehicles available for rent by the hour – into a $1.2 billion stock-market value, according to Barron's, America's so-called "premier" financial magazine. However, the car-sharing company, as we've pointed out before, is in the red. Despite that, Zipcar shares are currently trading for around $26, up substantially from the IPO price of $18. However, Barron's suggests that the future outlook for Zipcar is ske
Aside from the environmental argument for moving away from imported fuels toward electric-powered transportation, the case is often made that energy independence is important for national security. Charles Gassenheimer, CEO of Ener1, whose Enerdel subsidiary makes the lithium ion batteries that will power the Th!nk City, has said himself that, "The last thing we want is to trade dependence on foreign oil for dependence on foreign batteries." Ironic it is, then, that questions are now being raise