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Florida Gov. Bush, DEP Try To Propel Clean Energy Despite Doubts

Florida is trying to head off energy crises and the prospect of worsening air pollution with an ambitious clean energy and alternative fuels program. Hundreds of gas-and-electric hybrid cars, as well as alternative-fuel vehicles, are being added to the state motor pool. Gov. Jeb Bush is pushing to make Florida the leader in hydrogen fuel technologies, which many experts see as the eventual successor to gasoline and coal power. Bush, calling hydrogen a “cutting-edge, next-generation energy technology,'' asked the Legislature for $15 million in January for research and development. The governor was following in the footsteps of his brother, President Bush, who made a commitment to hydrogen fuel technology in his 2003 State of the Union address and committed $1. 7 billion toward research. In Florida, however, lawmakers have declined to spend one dime on hydrogen. Nationally, the technology has as many critics as champions. Some scientists say its environmental benefits are overblown and its costs out of sight. If the future of hydrogen is so promising, they say, private enterprise will develop it and make it commercially viable.

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Bodisen Biotech Announces $0.12 Per Share in Record 2Q Earnings, Net Income up 174%

NEW YORK–(BUSINESS WIRE)–July 28, 2004–Bodisen Biotech, Inc. (stock symbol: BBOI, website: www.bodisen.com) announced financial results for its second quarter ending June 30, 2004. The following are some of the highlights: Earnings of $0.12 per share doubled compared to Q2 2003; 174% increase in net income for Q2 2004 compared to Q2 2003; 86% increase in Gross Profit for Q2 2004 compared to Q2 2003; Gross margin increased to 47% in Q2 2004 vs. 33% for Q2 2003; and Corporate governance: Board consists of a majority of independent board members. REVENUE Bodisen generated revenues of $4,230,205 for the three months ended June 30, 2004 which represented an increase of $953,887 or 29% compared to $3,276,318 for the three months ended June 30, 2003. The increase in revenues is primarily attributable to expanded distribution channels, which resulted in increase in our customer base and related volume of recurring and new customer sales. NET INCOME Bodisen generated net income of $1,824,015 for the three months ended June 30, 2004, an increase of $1,157,321 or 174% compared to $666,694 for the three months ended June 30, 2003. The increase is attributed to the substantial growth in the demand for the Company's products throughout China […]

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Fuel Saver Revs Up in City Jams

Los Angeles Times I drove it hard. It mattered not to me that the 2005 Ford Escape Hybrid is the world's first gas-electric sport utility vehicle, designed to get better mileage with lower emissions than any comparable compact SUV. The world is governed by hypocrisy. It preaches virtue during the day but sins at night. Sin usually brings higher profit. And so it goes with notions of environmental worthiness. People want the cleanest, most economical cars and trucks, consumer surveys say. But I study sales numbers. Those numbers say that in good times and bad, Americans buy as much horsepower and road performance as they think they can afford. Horsepower sells. Performance sells. Clean and green without horsepower and performance sit on the shelf until there is a crisis in gasoline pricing or supply. The crisis comes. Green-car sales soar. The crisis ends. Green-car sales dry up and die. Thus, I was intrigued by Ford's claim that the Escape Hybrid could deliver up to 35 miles per gallon in the city and nearly 25 miles per gallon on the highway — urban fuel economy is better in hybrids — without sacrificing any of the get-up-and-go offered by conventional SUVs. Ford's […]

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State Requirements and Green Power Markets – Both Yield More Renewables

EERE Network News Two policy approaches are currently proving popular for developing renewable energy supplies in the United States: green power markets, which use a free-market approach to allow consumers and businesses to buy renewable energy; and state renewable energy requirements and goals, which set specific amounts of renewable energy per year, usually imposed upon utilities within each state. According to recent reports, as of the end of 2003, the two policy options have resulted in about 3,650 megawatts of new renewable energy capacity. In a June memo titled "Estimate of New Renewable Energy Capacity Serving U.S. Green Power Markets (2003)," analysts at DOE's National Renewable Energy Laboratory (NREL) report that nearly 1,650 megawatts of new renewable energy capacity was supplying green power customers at the end of 2003, with another 390 megawatts either under construction or formally announced. According to the NREL memo, wind power provided nearly 94 percent of that new capacity. Competitive power markets and renewable energy credits produced about twice as much new capacity as voluntary "green pricing" programs offered by utilities. See the memo, posted on the newly redesigned Green Power Network Web site. State renewable energy requirements and goals have been slightly more successful […]

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U.S. Ethanol Industry Produces All-Time Monthly Record in May

The Renewable Fuels Association (RFA) today announced that the U.S. ethanol industry set an all-time monthly production record in May of 221,000 barrels per day (b/d), according to data released by the U.S. Energy Information Administration (EIA). May was the eighth consecutive all-time monthly production record. Production was up 26 percent compared to last May when 175,000 b/d of ethanol were produced.

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