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In the federal government’s newly released 2006 Fuel Economy Guide, eight hybrid vehicles occupy five spots on the top ten list of fuel economy leaders. The Honda Insight (manual) and Toyota Prius are ranked No. 1 and 2, respectively.
The car at the top of the 2006 fuel economy list, the Honda Insight, achieves 60/66 mpg city/highway and averages $525 in annual fuel costs (annual fuel costs are estimated assuming 15,000 miles of travel each year [55% city and 45% highway] and a gasoline fuel cost of $2.20 per gallon [regular unleaded]). In second place, the Toyota Prius comes in with 60/51 mpg city/highway and an annual fuel cost of $601.
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In a presentation titled “The Global Oil Perspective” at the 18th World Petroleum Congress held at the end of September in Johannesburg, South Africa, ExxonMobil’s president and Saudi Arabia’s oil minister attempted to assuage concerns of possible depletion of oil reserves and rising oil prices.
ExxonMobil’s President Rex Tillerson said that although in the future the world will see a significant increase in energy demand, large oil resources abound.
NAFTC Photo
Global oil reserves. This data was compiled prior to the announcement by Saudi Arabia that it plans to increase its proven reserves by approx. 200 billion barrels.
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“According to the U.S. Geological Survey, more than 2 trillion barrels of conventional oil remains to be recovered, twice what has already been produced in all of human history,” Tillerson stated. “Beyond that, more than a trillion barrels of frontier resources, like oil sands and oil shale, are expected to be recovered over time.”
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From the Office of the Executive Director
Consortium Staff Update
NAFTC Members Prepare for Fall Business Meeting
WVU Sierra Club Attends NAFTC Workshop
NAFTC Attends ATMC Conference
NAFTC Provides Biodiesel Basics to WV School Officials
November 01-04
SEMA Show
Las Vegas, NV
November 03-05
NAFTC Business Meeting
Las Vegas, NV
December 06-08
EDTA Conference
Vancouver, BC
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