nhayssen's blog
Oil hits record, demand attracts funds
Submitted by nhayssen on Sun, 06/19/2005 - 20:00.
Mon Jun 20, 4:29 PM ET
NEW YORK (Reuters) - Oil prices set a new record high on Monday as worries about a winter fuel crunch stoked buying by hedge funds and forced OPEC to consider lifting supply quotas again.
U.S. light crude moved to a record for the second successive session, hitting $59.52 a barrel, before paring gains to settle up 90 cents at $59.37. London Brent futures rose 56 cents to $58.32 a barrel, having hit a peak of $58.58.
U.S. contracts for the last four months of the year, when oil demand seasonally picks up in the Northern Hemisphere, all traded at $60 or above, with December crude breaking $61.
First Smart Drivers in U.S.
Submitted by nhayssen on Tue, 05/17/2005 - 20:00.
Dear ZAP:
Leigh and I love our Smart Car. After seeing them in France during our honeymoon four years ago, we fell in love with it and can hardly believe today we actually own one. We drive the Smart Car all over Las Vegas and love the environmental benefits of the car; we also drive a hybrid. When we pass American, gas-guzzling cars, we get stunned looks from the drivers!!
.jpg "First Smar Car Owners USA ZAP ZP")
(left to right) ZAP Auto Dealer Bob Chauvin with ZAP of Reno hands over the keys of the first U.S. compliant Smart Car Americanized by ZAP on May 18, 2005 to a lucky Nevada couple, Phil and Leigh Aurbach
Study: Nation #39's traffic jams worsening
Submitted by nhayssen on Sun, 05/08/2005 - 20:00.
WASHINGTON, May 9, 2005 (AP) -- If getting stuck in traffic makes you want to roll down your car window and scream, look no further than another of those studies to find the bad news: Gridlock is getting worse.
Congestion delayed travelers 79 million more hours and wasted 69 million more gallons of fuel in 2003 than in 2002, the Texas Transportation Institute's 2005 Urban Mobility Report found.
.jpg "Traffic Jams ZAP ZP News")
Overall in 2003, there were 3.7 billion hours of travel delay and 2.3 billion gallons of wasted fuel for a total cost of more than $63 billion.
Group: One-fifth world's reefs destroyed
Submitted by nhayssen on Sun, 04/24/2005 - 20:00.
Monday, April 25, 2005
(Reuters) -- The demise of the world's coral reefs could threaten coastal communities as global fish stocks fall, an international conservation group said on Monday.
(Reuters) -- The demise of the world's coral reefs could threaten coastal communities as global fish stocks fall, an international conservation group said on Monday.
A fifth of the world's reefs have been damaged beyond repair, the International Coral Reef Initiative (ICRI) said.
.jpg "Enviornment Coral Reefs ZAP ZP")
"Coral reefs are some of the oldest and most diverse ecosystems on the planet," according to the National Oceanic and Atmospheric Administration's Web site.
ZAP Signs $10 Million Exclusive Distribution Agreement for 60 MPG SMART Car
Submitted by nhayssen on Mon, 05/10/2004 - 20:00.
SANTA ROSA, California (May 11, 2004) - Transportation pioneer ZAP (OTC BB: ZAAP) announced today that it has signed a $10 Million purchase agreement with SMART-Automobile LLC to be the exclusive distributor and licensed manufacturer in the United States for its 60-MPG SMART Car.
With record gas prices hitting the U.S., officials at ZAP and SMART-Automobile are excited to be selling one of the most fuel-efficient cars on the planet. Reports indicate that SMART cars can achieve more than 60 miles per gallon in fuel economy, rivaling even hybrid gas-electric cars. SMART-Automobile president Thomas Heidemann says he believes the partnership with ZAP will allow them to jump-start U.S.-sales, with plans to distribute 15,000 units annually by 2005.
