oil price

a company called EFuel100 showed up with a product that replaces the gas pump from the oil station with your own gas pump. Their product, called MicroFueler, produces ethanol and is ready to be shipped beginning with the fourth quarter of this year.

A barrel of oil costs twice as much today as it did a year ago, and experts say prices could go higher. According to new data from the Philippine government, 4 million Filipinos slid back into poverty in 2006 as a result of rising oil prices and a higher cost of living. In addition, Chinese demand for oil is increasing by 15 percent a year,