Any business reporter is taught that, when in doubt, always follow the money. With China's aggressive push for advanced-powertrain vehicle production and sales, that means better fleetwide fuel economy. Why? Lower fuel use means less money spent importing oil. It's that simple.
U.S. oil production peaked in 1970; U.S. oil consumption did not. As a logical result, the importation of oil from other countries has increased over the decades until it accounted for two thirds of the petroleum used in the United States in 2008. However, that rise has not been steady. Several times over the years there have been periods when imports held steady – or even declined – and, according to an article in the Kansas City Star, one of those times is now. In 2010, U.S. oil im
T. Boone Pickens may not know exactly what's up with V-Vehicles, a company that he's invested in that wants to make high-mileage vehicles, but he does claim to know some things. During his opening keynote speech at the AFVI Expo in Las Vegas, for example, the long-time oilman and big natural gas promoter said that he thinks God put tremendous amounts of the fossil fuel under the United States for us to use. Specifically, he said: