Hybrids not likely to save U.S. much oil
A new report by the investment analysts at Raymond James threw some cold water on the notion that more hybrid cars on U.S. streets will mean a decreased demand for oil. The analysts posit that even under high-growth assumptions, where hybrids account for a third of all new car sales in 2020, the savings would be just 200,000 barrels of oil a day, or just 1 percent of the nation’s current oil demand.
Read the full story in the New York Times Green Inc. blog.
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