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To: RetiredNow who wrote (67452)	3/30/2005 10:35:32 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

finally some innovation from this government. I don't care if this project amounts to nothing in the long term. You have to start somewhere. Only $100mm- too bad we didn't spend 200 billion like we did on various wars. Then maybe we'd have something. GM to develop fuel cell vehicles with Energy Department WASHINGTON (AP) - General Motors Corp. and DaimlerChrysler AG have signed agreements with the U.S. Department of Energy to develop hydrogen fuel cell vehicles over the next five years, the automakers said Wednesday. GM, the world's largest automaker, plans to build a fleet of 40 hydrogen fuel vehicles. Under the program, GM will spend $44 million to distribute the vehicles in Washington, New York, California and Michigan. The Energy Department also will provide $44 million in the deal, which is set to expire in September 2009. siliconvalley.com

To: RetiredNow who wrote (67452)	3/31/2005 11:50:49 AM
From: John Koligman	Read Replies (1) \| Respond to of 77400

Goldman is out today with a note about an oil 'supercycle' and they think it could spike between $80 and $105 per barrel before price creates enough supply for prices to fall. The $105 number certainly caught my eye. Funny thing is, I distinctly remember analysts predicting $100 oil during the first big spike. Lots of talk about extracting oil from Colorado rock back then. Of course, oil eventually dropped to close to 10 bucks a barrel instead. If Goldman is correct, we are talking about 5 bucks a gallon for gas, GM might go bust because their sales model is based on truck/SUV sales no matter what Bob Lutz says, and the shorts will probably have a nice time in the market. Best regards, John