Archive for the “Electric” Category

Full Story at money.cnn.com

DETROIT (CNNMoney.com) — Bob Lutz is generally not a close ally of environmentalists.

The vice chairman of General Motors is a frequent critic of fuel economy rules and once declared that global warming was a “total crock” of excrement, although he used a more common and colorful word in that description.

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Full Story at msnbc.com

COLUMBUS, Ohio – Consumers and businesses may finally be seeing some relief from rising utility bills, thanks to the biggest decline in U.S. electricity demand in decades.

Prices on wholesale markets are expected to decline for the rest of 2009, according to the Energy Information Agency. While rates will probably begin edging up again in 2010, it will likely be less than half the 6.2 percent jump recorded last year.

For decades as Americans bought more electronics, more appliances, air conditioners and other gizmos, energy demand has only moved in one direction and prices have followed suit.

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