Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No News is Good News!!! Ay!
$Billions$ worth easily.
Who cares? The stock could hit $10 with an A/S of 10 Billion.
This is going to be a Billion Dollar Company!!!!
WASHINGTON (Reuters) - President Barack Obama on Tuesday will announce the most aggressive proposal for increasing auto fuel economy standards ever and the first plan for regulating emissions, the White House said.
The proposal would require the U.S. passenger vehicle fleet to average 35.5 miles per gallon by 2016, saving 1.8 billion barrels of oil. It would also instruct the Environmental Protection Agency (EPA) to regulate tailpipe emissions.
Heads Up Peter: The Obama administration will issue new national emissions and mileage requirements for cars and light trucks to resolve a long-running conflict among the states, the federal government and auto manufacturers, industry officials said Monday.
http://www.nytimes.com/2009/05/19/business/19emissions.html?
WASHINGTON —The Obama administration will issue new national emissions and mileage requirements for cars and light trucks to resolve a long-running conflict among the states, the federal government and auto manufacturers, industry officials said Monday.
President Obama will announce as early as Tuesday that he will combine California’s tough new auto-emissions rules with the existing corporate average fuel economy standard to create a single new national standard, the officials said. As a result, cars and light trucks sold in the United States will be roughly 30 percent cleaner and more fuel-efficient by 2016.
The White House would not divulge details, but environmental advocates and industry officials briefed on the program said that the president would grant California’s longstanding request that its tailpipe emissions standards be imposed nationally. That request was denied by the Bush administration but has been under review by top Obama administration officials since January.
But Mr. Obama is planning to go further, putting in place new fuel economy rules that will combine the standards of California’s emissions law with the corporate average fuel economy program administered by the Department of Transportation. The effect will be a single national mileage rule that matches California’s strictest-in-the-nation standard.
Under the new standard, the national fleet mileage rule for cars would be roughly 42 miles a gallon in 2016. Light trucks would have to meet a fleet average of slightly more than 26.2 miles a gallon by 2016.
“This is a very big deal,” said Daniel Becker of the Safe Climate Campaign, a group that has pushed for tougher mileage and emissions standards with the goal of curbing the heat-trapping gases that have been linked to global warming. “This is the single biggest step the American government has ever taken to cut greenhouse-gas emissions.”
Industry officials spoke on condition of anonymity about the program because they said they did not want to comment publicly in advance of the White House announcement.
The current standards are 27.5 miles a gallon for cars and about 24 miles a gallon for trucks. The new mileage and emissions rules will gradually tighten, beginning with 2011 models, until they reach the 2016 standards.
The auto industry is not expected to challenge the rule, which provides two things they have long asked for: certainty on a timetable and a single national standard.
The administration has been under a self-imposed June 30 deadline to decide whether to grant California’s application to impose new emissions rules. President Obama became personally involved in the issue because he is also trying to find a way to rescue the American automobile companies from their financial crisis.
One top industry official said the administration wanted to get the new mileage rules in place before General Motors makes a decision on a bankruptcy filing, which could happen by the end of the month.
The new rules also provide some certainty for Chrysler, which is already under bankruptcy protection, so that it can plan its future models.
Mr. Obama directed the Environmental Protection Agency in January to reconsider the Bush administration’s past rejection of the California application. The president also instructed the Transportation Department to draw up rules to supplement a 2007 law requiring a 40 percent improvement in gas mileage for autos and light trucks by 2020.
The Bush administration failed to write any regulations to enforce the 2007 law.
Daniel J. Weiss, an environmental policy analyst at the liberal Center for American Progress, said that under the White House plan, California would retain the ability to set its own emissions standards in the future when the current program expires.
He also said that the new administration program was very close in language and intent to a provision in the climate change and energy bill now before the House Energy and Commerce Committee. That bill calls for a "harmonization" of the California and federal regulatory programs to provide a nationwide standard.
He said the standards were being written so that the car companies would already be on track to meet the standards set in the first few years of the program. The cars and trucks that will be sold in that period are already in the design phase. But starting in 2013 and 2014, the new rules will begin to bite, Mr. Weiss said.
"The rubber really meets the road in 2014," he said.
Mr. Obama has been thinking about the future of the American automobile industry for years. In 2006, during his second year as a United States senator, he co-sponsored a bill to raise fuel economy standards and another to encourage the use of alternative fuels.
During the presidential campaign, he gave a speech in Detroit chastising the American automobile industry for doing too little to reduce the nation’s dependence on foreign oil and to improve the vehicles’ fuel efficiency.
"The auto industry’s refusal to act for so long has left it mired in a predicament for which there is no easy way out," Mr. Obama said.
That inaction has brought General Motors and Chrysler to their current dire state, requiring billions in federal bailouts and Chrysler’s forced marriage to Fiat to survive.
Yeah! If people would drop a mil or two on this stock already they could get to work and we wouldn't have to wait for government charity to see the pps go boom. :)
I guess that really depends on the lease. He may have opted to pay the taxes separately.
Obviously owed by the previous owners. They can sue Peter shut if they want the money.
Wouldn't matter anyway. BVRG received money from the government and became the biggest P&D in recent history.
One way to deal with pinks is to wait for a bigger fish to buy in and then sell out. You will break even at worst. Then Peter's lies are the new fishes problem.
This is the best stock ever. Nothing but gains and in this economy too. Against the Wind eh Peter!
Doesn't Peter's track record prove this stock will never go green?
I work for a government funded company and put some of into RVGD and waste my days with stupid posts to this board.
This will help Peter get started taking free $$
http://www1.eere.energy.gov/vehiclesandfuels/
The Vehicle Technologies Program is developing more energy efficient and environmentally friendly highway transportation technologies that will enable America to use less petroleum. The long-term aim is to develop "leap frog" technologies that will provide Americans with greater freedom of mobility and energy security, while lowering costs and reducing impacts on the environment.
Let's not forget
http://www1.eere.energy.gov/vehiclesandfuels/financial/index.html
and
http://annualmeritreview.energy.gov/
I am sure IF they ever produce a car sale it will be scientifically examined and rated. The chances of Peter ever producing a car for sale that can be independently bought, tested. and rated are slim.
Here is a start
http://www.toledoonthemove.com/news/news_story.aspx?id=191393
With gas prices back around four dollars per gallon, we figured it was time to revisit a Napoleon mechanic who claims he's modified his 1987 Mustang to get about 100 miles to the gallon, and put his car to the test.
We filled Doug Pelmear's V-8 Mustang all the way up with E-85 fuel, then went on a road trip: 103 miles from Bowling Green to Blufton and back. Then we refilled the tank. We were able to squeeze about 2-gallons in, so Pelmear's ride averaged about 50-miles to the gallon. But, according to the EPA, E-85 is less efficient than gasoline, and cars that use it get 26% fewer miles per gallon. That means that, with regular gasoline, Pelmear would get about 63-MPG today. Not bad for a car that should get only about 15-MPG.
Pelmear says, he perfected a device that his grandfather developed decades ago that increases mileage and performance.
He claims the old Mustang with it's approx. 300 cid engine, boasts about 400 horsepower. We couldn't verify that. But he did lay plenty of rubber when he took off in a local parking lot.
Pelmear, a master mechanic, will not let us see under the hood or trunk, but we did look under the car and did not find anything that could be used as an auxiliary gas tank. He is entered in the Progressive Automotive X Prize: a race to find a marketable automobile that gets at least 100 miles per gallon. He says, he'll win; and when he does--he'll share his secret. "Mainstream.", he says, "It's gotta go mainstream so we're not paying every time there's a hurricane coming through that we don't need it crippling our country".
Sounds like Doug and Pete were made for each other.
I live in Rockville and there are Sunoco stations with E85 pumps. $1.99 a gallon.
I got it figured out. After 6 months of R&D engineering delays will set in for 6 months. Then they will scrap the Verde Super Car for a Hybrid Electric E85 Verde Super Duper Car that will get 200 MPGe. Then there will be engineering delays. No product. No Money. No nothing. Just stock for sale. The naked short sellers list and .00000001 pps.
When it was .017 and I cried when it dropped it an hour to .009.
Lets see some $$$ or real press first.
I got $$ in here and i'm not leaving till I get a profit or it's dead.
It means gasoline, ethanol, or anything that you can you use to get 100 MPG. Such as a Hydrogen engine. E is equivalent fuel.
C'mon Peter hasn't delivered anything in 2 years except his meals.
This stock is ripe for a trading halt.
The trick is octane boosters.
I'm sure Dateline would pay to see it happen.
No more than what you see in the movies.
It says it is reality in their minds.
About a company with no product. Just constant R&D, preposterous claims of 110 MPGe, and selling of stock for financing.
Sell more stock?
Put in the new engine.
Dateline just did a report on March 29, 2009.
Not one claim of a high mileage engine proved to be true.
http://www.msnbc.msn.com/id/29899191/
They were all frauds.
This will prove to be no exception.
At what cost to convert an old car? Would it be worth it?
I don't like "making Revenge the sole and exclusive Certified Installation Centers in the United States for the installation of HP2g engines for aftermarket purchasers". GM could use the engines before market.
We will never see any return from this stock.
They must have $$. There is no investor relations page.
Read his by line. "ALL OF MY POSTS ARE MY HONEST OPINION !!!!!!" There is no truth to what he says.