If Saudi oil facilities are damaged, “You’re not talking about $100 (per barrel) oil. You’re talking about well beyond that,” McFarlane said. U.S. crude oil prices peaked on March 17 at $57.60 a barrel.
On Jan. 7 the Register published part of my essay of about oil depletion and Peak Oil, the prediction from energy resource specialists that by 2010, global oil production will peak and start to decline. Covered extensively by the scientific community, Peak Oil remains ignored by the Bush Administration though it threatens to end modern, […]
RenewableEnergyAccess carried a story about Larry Burns, head of R&D for GM. According to Burns, GM is the first major auto company to truly come to grips with the fact that hydrogen and fuel cells are the right combination to solve not only vexing problems with our status quo transportation systems, but they also provide […]
America will soon face its biggest crisis ever. Of such complex magnitude, no amount of financial or scientific commitment may be enough to prevent it from ending our industrial civilization. The crisis is oil depletion. Napa Register http://www.napanews.com/templates/index.cfm?template=story_full&id=DC9BF8AE-8F75-4892-9852-D3F8A4BFC695 The end of the road? Friday, January 7, 2005 By JIM LYDECKER America will soon face its […]
Marriott Hotels Cuts Energy Costs with Vending Machine Technology SAN JOSE, Texas, March 28, 2005 – Marriott hotels is turning to energy-efficient vending machine technology to help lower the hotel chain’s energy costs. Two of Marriott’s locations in San Jose, Texas — the Marriott Riverwalk and the Marriott Rivercenter — have recently installed VendingMiser products […]
From Adam Porter at BBC — International Energy Agency Proposes Ban-Rationing-Enforced Quotas on Oil Consumption — Measures Would Apply in US
Energy body wants brakes on fuel consumption
-This is a big one – the IEA is waking up. Wants rationing, and other conservation measures. The story sneaked out on Thursday, before a bank holiday, presumably so we wouldn’t notice!
Here’s the FTW link:
FTW stories
And the original on good ole Al-jaz:
IEA
James Howard Kunstler March 27, 2005 Poor Herbert Hoover, the round-faced Stanford-educated wonderboy of the 1920s boom, who got elected president in 1928 on the strength of his performance as an economic management wizard, was corn-holed by the 1929 stock market crash and humiliated by several years of depression that followed it. Hoover’s reputation never […]
Solar beamed from space? NASA offers $50,000 prize for best “beam power” wireless power transmission system.
“The Beam Power challenge focuses on the development of wireless power technologies for a wide range of exploration purposes, such as human lunar exploration and long-duration Mars reconnaissance. In this challenge, teams will develop wireless power transmission systems, including transmitters and receivers, to power robotic climbers to lift the greatest weight possible to the top of a 50-meter cable in under three minutes.”
Experts said there really is no pattern to when stations change their prices. Some companies try to keep a regular schedule, while others do it sporadically.
So where does the price you pay for a gallon of gas go?
According to the Department of Energy, 46 percent pays for crude oil, 22 percent goes to federal and state taxes, 21 percent goes to the cost of refining oil and 11 percent goes to distribution and marketing.
Earth’s temperature is on the rise, researchers say, and environmental watchdogs are howling, hoping it’s not too late to avert negative effects that could range from melting icecaps to mass extinctions. Some scientists, however, now think global warming is irreversible (.pdf). In light of this sobering view, certain economists and scientists are searching for a […]
Even if per capita income in China grows at only 8% per year – lower than the red-hot pace of 9.5% at which it has grown since 1978 – it will still overtake the current per capita US income in just over 25 years, according to the latest analysis by the Earth Policy Institute (EPI). […]
Many cost-conscious buyers opt for lighter, crossover wagons Sun Sentinel By Jeffrey Ball The Wall Street Journal Posted March 28 2005 Rising prices of gasoline across the U.S. are raising vital questions in Detroit: Will prices keep going up? And if they do, will that prompt Americans to accelerate their shift away from the auto […]
Delaware County Times/Z Wire STEPHANIE K. WHALEN Strap on your walking shoes, Delaware County – unless you want to drive to the poor house. Gas prices hit a record high in the Philadelphia five-county region Thursday at $2.10 per gallon, breaking the highest average price recorded last June. From commuters to airlines, the nation’s growing […]
Trinidad Express Mary King The announcement that the fields in the East Coast Marine Area-Teak, Samaan and Poui-are for sale, has set off a flurry of demands that these assets should not fall again into foreign hands. The Editor of the Business Guardian is passionately adamant that we should retain these assets locally and calls […]
Seattle PI MARVIN GREGORY GUEST COLUMNIST Matthew Simmons, a highly respected investment banker and adviser to the Bush administration, is quoted in Al-Jazeera (Feb. 22) as saying that “we may have passed peak oil.” This is significant in that peak oil represents the dividing line between cheap oil and expensive oil, or, put another way, […]
The Organization of the Petroleum Exporting Countries earlier this month agreed to raise production quotas by 500,000 bpd and said it would consult on whether to increase them by a further 500,000 bpd if prices continued to rise.
“Oil prices have witnessed fluctuations on world markets in the past two days, which prompted the organisation to take its time in implementing the second increase,” Abdel-Rahman al-Khreiji told Kuwait’s state news agency KUNA in Vienna.
The grains industry is warning high oil prices will result in a smaller harvest this year, as farmers look to reduce the costs of diesel, freight and fertiliser. In fact, the Grains Council’s David Ginns says a combination of rising oil prices and the high Australian dollar could move farmers out of cropping altogether. He […]
IS the writing on the wall for the dollar? Researchers at one big fund manager say it is, but the markets haven’t read along just yet.IS the writing on the wall for the dollar? Researchers at one big fund manager say it is, but the markets haven’t read along just yet. NY Times (free registration […]
Yahoo! Getting hold of the oil may prove harder, however, with the Organisation of Petroleum Exporting Countries (OPEC (news – web sites)) already operating close to full capacity, they added. The energy-hungry nation intends in the short term to build strategic reserves that would provide it with enough oil for 30 days, or 200 million […]
There’s a loophole in how most hybrid gasoline-electric vehicles work, and countless gallons of gasoline are draining out of them. Running the front defroster increases their fuel consumption drastically, as I discovered while driving three of them during Detroit’s typically cold winter. Setting the air-conditioning on maximum cool has the same effect, so the problem […]
The AAA said the average cost of driving a new passenger car is 56.1 cents per mile, or $8,410 per year.
What’s a person to do?
Adrienne and Jerry Artz of Shelby bought a hybrid. They got their new Honda Civic hybrid from Whitey’s Auto Mall last week.
“We haven’t had to fill the gas tank yet,” Adrienne, 47, said. “We love it.”
“Alberta has a lot of oil,” the preem informed a student audience at Harvard University on Thursday.
He told them how the province produces 8% of the United States’ crude consumption and 12% of its natural gas.
“And I haven’t got to the punchline yet,” Klein teased America’s academic elite. “While production in most other energy-producing areas, including Texas, is declining, Alberta’s production is increasing.” And there’s no end in sight.
“Production from Alberta’s oilsands has the potential to close the U.S. energy gap,” the premier continued. “Meaning the United States would never have to buy more offshore oil than it does today.”
By Lisa Margonelli in WIRED Magazine China’s central planners are throwing everything at the problems of fuel and pollution – hybrids, electric cars, propane taxis – all while building conventional cars and infrastructure at a furious pace. “There’s a controversy about ‘Green GDP’ and how to grow,” says He Dongquan, a transportation expert at the […]
“It is now possible to build cars that are powered by a combination of electricity and alcohol-based fuels, with petroleum as only one element among many…”Imagine: 500 Miles Per Gallon There have been many calls for programs to fund research. Beneath the din lies a little-noticed reality—the solution is already with us By Fareed Zakaria […]
Only by building more nuclear power stations can the world meet its soaring energy needs while averting environmental disaster, some experts at an international conference have said.
Uninsured BP has to pay for Texas blast By Andrew Cave Oil giant BP does not have catastrophe insurance cover for the Texas refinery explosion that claimed the lives of 15 workers and will have to foot the bill from its own resources. The disaster, which happened as contractors attempted to bring on-line a unit […]
Forbes.com Dan Lienert GM is sinking like the Titanic, and the fact that filling up one of the company’s Chevrolet Suburbans, Hummers or Cadillac Escalades now costs about $50 is but one of shareholders’ latest worries: Will rising gas prices cause sales of America’s most profitable vehicles–trucks and sport utility vehicles–to take a nosedive? Hubbert […]
United States doesn’t have “unlimited” patience with Iran and does not dismiss the possibility of carrying out a strike on its nuclear facilities, US Ambassador to Israel Dan Kurtzer told foreign ministry officials in a closed door meeting last week, a media report said on Saturday. Press Trust of India Jerusalem, March 25, 2005|19:46 IST […]
Sun Newspapers Those who hold a greater regard for oil demand have proclaimed March 16, 2005 as a day of infamy. I do not. Instead, it should be hailed as a day of great luck. It was a day when the world’s economic boats – especially the United States’, the world’s biggest consumer of oil […]
China has started laying a 2.3 kilometre-long oil pipeline beneath the Yangtze River, which will be the world’s longest under a river.
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