Long-term investors should look beyond stock market volatility
Market volatility can be unsettling, but history shows that prices have returned to less volatile patterns over time. That can be good news for long-term investors.
A group of Egyptian students has developed a vehicle they say will promote clean energy and take on rising energy costs by running on nothing but air, reports Reuters.
The compressed oxygen-powered car was part of a graduation project for a team of mechanical engineering students at Helwan University. The students now plan to roll out a one-person prototype of the go-kart-like vehicle they claim has a top speed of nearly 25 mph and costs about $1,000 to build.
“The operational cost of the vehicle … will be almost nothing. You are basically using compressed air. You are not paying for fuel and also do not need cooling,” said Mahmoud Yasser, a member of the design team.
One possible downside: the prototype can travel only about 18 miles before needing to come up for air. (Source: Reuters
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