Cheap gas. I thought the world was ending just a while ago due to Big Oil. Too funny.
Excellent.
"We're using up resources at a rapid pace. World oil production will reach a peak plateau within 15 to 25 years primarily because current world oil consumption is using up the world's oil resources at a rapid rate."
"The decline rates of many of the world's largest oil fields appear to be escalating."
Audio discussion of peak oil with Matthew Simmons, chairman, Simmons & Company International and author of "Twilight in the Desert"
1/3 of the total power needs for Japan comes from 52 nuclear plants.
Gas in the US is dirt cheap.
"The report warns that, as the world's largest oil consumer, the U.S. is vulnerable to significant economic troubles ... if a peak arrives and no technology exists to replace petroleum-based transportation fuels."
CNN: "Companies from ... Asian nations are seen getting the first contracts. But don't write off Big Oil just yet." Humm. An interesting way to put it. I wonder what would happen if we all went nuclear and left the oil in the ground?
"Gasoline inventories, measured by the days of demand they will cover, are at the lowest level in two decades.... No new U.S. refinery has been built in three decades...." No new refineries in 30 years? Such an irresponsible energy policy.
"Finance chiefs from the G7 industrialized countries have endorsed nuclear energy, an increasingly attractive power source as governments confront global warming and over-dependence on fossil fuels." -- AFP
"Japan's low carbon technology is second to none," Beckett told a conference on climate change at Keidanren, Japan's leading business federation. "Now is the time for Japan to capitalize on that position."
An expensive way to save the environment. I wonder where else these resources could be applied.
Obama's Auto History
Naughton: Obama's Tough Talk Backfires in Motown
Going up, up, up ...
Well this is surprising, eh?
Anything but oil is fine by me. But we'll have a lot of drunk cars out there.
Energy and environment links.
"More and more communities are going to see gasoline that approaches or exceeds $4 a gallon," said John Kilduff, an energy analyst at Man Financial in New York. "Where we're currently at with prices, that's a given."