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The Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency estimate the current world demand for oil at between 86 million to 87 million barrels per day in 2008. Crude oil and refined products are once again begin stored on tankers floating at sea, a sign that the two-year oil glut is far from over. For the foreseeable future, however, I believe the lion's share of the revenue gains from the HEV revolution will flow to companies like Johnson Controls (JCI), Enersys (ENS), Exide (XIDE) and C&D Technologies (CHP) that have substantial existing manufacturing capacity in both Europe and the US, and from technology driven newcomers like Axion Power International (AXPW.

Pages: 6

Publisher: U.S. Government and (April 21, 2011)



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