If you know what the acronym VMT stands for, then this story probably won't come as much of a surprise. VMT stands for vehicle-miles traveled, and Americans drove their VMT numbers way, way down last year. VMT is just one way to measure demand for oil, and the decrease in VMT plus the rise of fuel-efficient vehicles - and fuel-free electric cars - means that the oil industry is gearing up for something new: the end of the oil slurping era. You don't need to take my word for it, the industry-frie
Here at AutoblogGreen, we try our best to bring you the latest in green automotive news. But what about right now... what if you want to do your best with your current situation. I can certainly understand that, as I would love to own the latest, most fuel-efficient vehicle around, too, but economics dictate that I can't just go out right this minute and spend $20,000 on a new Prius, or more on a Tesla or full electric SUT, like the Phoenix we featured yesterday.
Kimberley Strassel is on the editorial board of the Wall Street Journal, and she went on The Daily Show with Jon Stewart last week to talk about oil prices, oil companies and ethanol. Her basic argument was that high oil prices at the pump are not the fault of oil companies and their record-breaking profits (ExxonMobil, for example, made more than $8 billion between January and March of this year, a jump of 44 percent over last year) but instead the fault of congress and unrest in the places whe