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Cheap Oil Will Last A Decade, Says Huge Oil Trader

Green Car Reports

The low oil prices that boosted new-car sales and caused average fuel-economy gains to sputter last year may be here to stay, for a while at least. With fuel prices low throughout 2015, Americans bought more new cars, but many of them were less-efficient SUVs and crossovers.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Alexander Edwards, President, Automotive Strategic Vision believes the exodus from full size SUVs was caused by economic caution as much as higher gas prices. “ People were concerned about spending $35,000 for an SUV that seats five, they were saying for $21,000 I can get a sedan that seats five. —Bill Cooke.

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Is Ford First?

Plug In Partners

Ford Chairman and CEO Bill Ford told shareholders at the automaker's annual meeting that the automotive market is shifting rapidly because of higher oil prices and the company is trying to respond. First customers for the conversions of several dozen SUVs would be cities, utilities, CEOs, entrepreneurs and celebrities.

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