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In the third of the NewsHour's 'Costly Crude' series on the rising price of oil, a Chevron executive offers insight on rising oil prices and the future of the oil industry.
As the value of the dollar falls, the price of imported oil rises, which impacts costs from the gas pump to the grocery store. A reporter from the Wall Street Journal examines the current state of oil prices.
A day after President Bush instructed his Cabinet to develop a plan to improve fuel efficiency in cars and trucks, Nissan opened a facility to explore cutting-edge science like nanotechnology in its quest for environmentally friendly vehicles.
By PBS NewsHour
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