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Tag: "petroleum"

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Complacency

Complacency

I’ve been following various articles in my local newspaper and local television “news,” looking for some recognition of the seriousness of the problem with soaring energy prices. This problem is entirely predictable by reference to the simple economic relationship between supply and demand. We’ve got a finite diminishing supply of cheap energy sources [...]

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Why does gasoline cost so much?

There’s a lot of bad information floating around on the Internet.  For instance, many conservatives blame environmental regulations, but this argument is way off base.   Why?  Because 75% of the cost of gasoline is in the cost of the crude oil, not in the refining.
At Salon.com, Andrew Leonard spells it all out succinctly:
But questions [...]

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Yet more cartoons - Today’s topic is oil.

Yet more cartoons - Today’s topic is oil.

Nate Beeler, The Washington Examiner

Mike Lester, The Rome News-Tribune

Parker, Florida Today

Pavel Constantin, Romania

Parker, Florida Today

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Think solar, U.S.

Scientific American has just published a comprehensive article on how to switch the United States substantially over to sunlight. The headline: “By 2050 solar power could end U.S. dependence on foreign oil and slash greenhouse gas emissions.”
The cost of this immense clean-energy-producing plan would be $420 billion. That’s a HUGE amount of money. Where could we [...]

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National Science Teacher Association carefully analyzes the color green

The National Science Teachers Association (NSTA) recently made the strange decision to reject 50,000 free DVDs of Al Gore’s global warming documentary An Inconvenient Truth.
At Huffpo, Laurie David asks whether it:
just might - have had anything to do with more than six million dollars the organization has accepted from ExxonMobil, Shell Oil, ConocoPhillips and the [...]

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Oil Tetris

Oil Tetris

The U.S. consumes 400 million gallons of gasoline every day. That amounts to almost 5,000 gallons every second. More than half of that oil is imported.

Everything we do is affected by oil. In addition to keeping us warm and transporting us, we eat oil. Not literally, but the average American meal travels an about 1500 miles to get from farm to plate.

If there were an interruption in the oil supply, we would look to the U.S. Strategic Petroleum Reserve. That much-cited U.S. reserve, however, holds only a 60-day supply of oil. It is official U.S. policy, then, that We the People shall always remain only small one incident from a major oil crisis.