Jordan’s growing economy has been hobbled by the fact that it currently imports 95 percent of its energy needs.
During the “Energy Security in the Middle East and the Gulf Region” seminar held in the capital Amman earlier this week, a number of analysts stated that the country could benefit by shifting
Carbon emission reductions achieved since 1990 by the world’s developed nations were canceled out many times over by the increase of imported goods from nations without binding emissions targets, including China, according to a new report.
While climate policies, including the Kyoto Protocol,
By all accounts the cash for clunkers incentive program has exceeded all expectations in both volume of sales, as well as answering skeptics by getting fuel inefficient vehicles off the road.
The new vehicles being purchased average nearly 10 mpg higher, saving nearly 4 million barrels of oil per year and eliminating the production of tons of greenhouse gases.
More importantly, the program and its surrounding attention seems to have driven consumers towards hybrids and fuel efficient vehicles even more than a 50 cent spike in the price of gasoline. According to Brian Benstock, the VP and GM of Paragon Honda and Acura, the program is also introducing new customers to imports. Benstock said the program has reversed the ratio of domestic/import trade-ins at his dealership. Previously about 70 percent of his customers were trading one import (mostly Hondas) for another. Now it’s the opposite: 70 percent of people walking in the door are swapping American made autos for Hondas.