According to a report here in Washington, survey done basing oil and gas company executives, many are seeing the future cars running on renewable energy.Renewable energy sources include air, water, solar energy and wood. Their collection cost is more than the fossil fuel, which has an indirect cost. Also, the fossil fuel has an issue of global warming.

A recent survey has been conducted in America which included 100 chief financial officers. Out of these, 9 out of 10 speculated that renewable energy will hold a large number of shares in the coming 5 years.  1 to 5 of them thought that renewable energy shares will be more than double.

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To stabilize US economy and the financial system, the Federal Reserve has announced to offer another $800bn stimulus.

According to the US Treasury Secretary Henry Paulson, the package has been announced for the availability of more lending to consumers.

The new package will be used to buy mortgage-backed securities and thaw out the freezing consumer credit market.

US President-elect Barack Obama says: “Budget reform is essential because of the current economic crisis. And it’s not an option, but a necessity.”

Meanwhile Mr. Paulson said, “It would take some time to get out of these difficulties in US market and economy and we will have to face new challenges.”

“We are determined to handle these situations efficiently and use all the available tools to strengthen our financial institutions and stabilize financial markets.”

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