Archive - Apr 2008

Crude predicted to top $200 by 2012 on tight supplies, pushing gas higher

By Moming Zhou, MarketWatch
Last update: 5:15 p.m. EDT April 24, 2008

SAN FRANCISCO (MarketWatch) -- Surging crude prices, which could surpass $200 a barrel in four years on tight supplies, could push gasoline prices to as high as $7 a gallon, CIBC World Markets analysts said Thursday.

Crude supplies are actually lower than some official estimates indicate, while demand is unlikely to fall anytime soon, according to a statement by analysts led by Jeff Rubin at CIBC, an investment bank. They forecast that these tighter supplies and continued strong demand will drive oil and gasoline prices to roughly double their current levels by 2012.

The Ortiz family and staff at Foreign Affairs Auto planted a tree on Earth Day to commemorate their new electric car dealership for ZAP (www.zapworld.com) in West Palm Beach, Florida.

WEST PALM BEACH, FL -- Apr 24, 2008 -- As oil and gas keep hitting new records this week, an electric car dealership opened in West Palm Beach, Florida offering a new affordable design for city-speed driving called the ZAP (OTC BB:ZAAP.OB) Xebra.

Chicago's Sopraffina Marketcaffe today is celebrating Earth Day with the unveiling of a new, first-of-its-kind, 100 percent solar-electric powered catering vehicle. La Grange Park electric car dealer Jessup's Automotive helped bring the vehicle to Chicago as part of a dealer network being formed by ZAP.

Chicago's Sopraffina Marketcaffe to Unveil Solar-Electric Catering Vehicle in Chicago

CHICAGO, April 22, 2008 -- Chicago's Sopraffina Marketcaffe today is celebrating Earth Day with the unveiling of a new, first-of-its-kind, 100 percent solar-electric powered catering vehicle. La Grange Park electric car dealer Jessup's Automotive helped bring the vehicle to Chicago as part of a dealer network being formed by ZAP (OTC Bulletin Board: ZAAP).