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Ethanol Demand Boosts Corn Planting 15% in 2007, Biggest Since 1944

Corn planting will be up 15% this year to 90.5 million acres and 12.1 million more acres than in 2006,  the biggest U.S. corn planting since 1944, boosted by high demand from the ethanol industry and strong export sales, reports AP, citing the U.S. Department of Agriculture's annual prospective plantings report. 

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US Power Grid Could Fuel 180 million Plug-in Hybrid Vehicles - DOE Study

A new study for the Department of Energy finds that "off-peak" electricity production and transmission capacity could fuel 84% of the country's 220 million vehicles if they were plug-in hybrid electrics. If all the cars and light trucks in the nation switched from oil to electrons, idle capacity in the existing electric power system could generate most of the electricity consumed by plug-in hybrid electric vehicles.

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Record Profits of Oil Giants - $32 Billion in 1Q 2006

Benefiting from high crude and natural gas prices, the big oil and gas companies reported record earnings in the first quarter.

 

 

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