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Tuesday, Mar 03rd

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Chrysler to Drop First Hybrids, After October Debut

Chrysler LLC, the automaker considering a combination with General Motors Corp. to survive, has been forced to kill its only gasoline-electric model because of poor sales of its largest sport-utility vehicle.

The hybrid versions of the Dodge Durango and Chrysler Aspen SUVs, which went on sale this month, are produced at the Newark, Delaware, factory that Chrysler said last week will shut by Dec. 31. The plant also makes gasoline-only versions of those models.

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Venezuela says expects OPEC to cut supply at meet

Venezuela's economy minister expects OPEC to agree to cut oil supply at an emergency meeting next week to stem crashing world prices by bringing supply and demand into better balance.

OPEC's president has said a cut is likely and Qatar's oil minister has said it could be about 1 million barrels a day from an organization that supplies the world with about a third of its oil supply.

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New Solar Energy Material Captures Every Color Of The Rainbow

Researchers have created a new material that overcomes two of the major obstacles to solar power: it absorbs all the energy contained in sunlight, and generates electrons in a way that makes them easier to capture.

At this point, the material is years from commercial development, but he added that this experiment provides a proof of concept -- that hybrid solar cell materials such as this one can offer unusual properties.

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New Jersey Grants Rights to Build a Wind Farm About 20 Miles Offshore

Regulators in New Jersey awarded the rights on Friday for construction of a $1 billion offshore wind farm in the southern part of the state to Garden State Offshore Energy.

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Oil prices sink below $93 on falling demand

Oil prices extended their steep losses Tuesday, tumbling below $92 a barrel as a worsening economy suggested U.S. energy demand will keep falling despite crude's return to year-ago levels.

Gas prices edged higher at the pump, topping $3.85 a gallon amid the aftermath of Hurricane Ike. However, given crude's continuing slide, retail gas was expected to turn lower within a few weeks.

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Cars converted to the future - 100 miles per gallon

In a windowless workshop near the county landfill, a small Raleigh company has spent the past year trying to solve the nation's energy crisis one car at a time.

The result: A car that breaks a once-unimaginable fuel efficiency barrier and delivers 100 miles per gallon. The spare battery costs less than 75 cents to charge and gives the plug-in Prius about a 35-mile range solely on electric power, making gasoline optional on short commutes. Retrofitting Priuses has become a full-time occupation for the Advanced Vehicle Research Center. 

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U.S. drivers look to what's in Argentina's tank: natural gas

More vehicles run on natural gas in Argentina than anywhere else in the world, and that success is attracting a burst of interest from the U.S., where a big push is under way to convert buses, taxis and cars to natural gas.

Representatives of American companies are flocking to Argentina to buy natural-gas compressors, conversion kits and fuel tanks to sell in the U.S., said Alessandro Carlo, president of Tomasetto Achille, a major Argentine maker of these products, based in Buenos Aires.

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