Skybridge Tech Group (SKGO)

[2future4u]

THIS JUST IN!!! SKGO Enters New Zealand Market as Fuel Prices Skyrocket!!!

SkyBridge Technology Group's (SKGO) subsidiary Shot In The Gas is a US-based start-up company that focuses on the development and marketing of combustion catalyst Shot-in-the-GasTM. The catalyst dramatically improves fuel economy (up to 15%) and engine performance, while reducing harmful emissions in gasoline and diesel vehicles.

As per a recent filing, SKGO subsidiary Shot in The Gas recently tested its combustion catalyst in New Zealand. The company feels the New Zealand market is primed for the Shot-in-the-Gas product thanks to rising fuel costs and alarmingly high carbon emissions.

New Zealand's gas prices have recently spiked and there is a concerted effort to address the country's rising C02 emissions. Between 1990 and 2003, New Zealand experienced the third highest increase in CO2 emissions from fuel consumption of the 23 OECD countries. The figure below shows the contribution of different sectors to gross emissions in New Zealand in 2004. Domestic transport emissions increased by 62% (3.3% per year) between 1990 and 2005.

In light of this worrying trend, the government recently implemented a gas tax in hopes that motorists would be persuaded to consider alternative forms of transportation and reduce their environmental impact. In July, motorists were saddled with an extra 3 cents per litre of fuel, and can expect a hike to 7 cents for GST and general fuel tax.

The Emission Trading Scheme law, introduced by the federal government on July 1, contains a broad range of objectives with regards to energy, climate, and the economy. With the Emission Trading Scheme and the gas tax, the New Zealand government has declared its commitment to reducing public fuel consumption and curbing the country's sizable carbon footprint.

This decision will directly impact the fuel economy. In the short term, most New Zealanders will likely maintain their usual driving habits even as rising fuel prices take a toll on their pocketbooks. But over time, consumers in a car-driven society facing such a hike in the price of gas would certainly benefit from any innovation in engine efficiency that reduces fuel consumption.

Sources:

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10656224
http://www.nzier.org.nz/Site/Publications/Emissions_Trading.aspx
http://www.med.govt.nz/upload/28688/011-200601-i.pdf