... Thirty-six billion gallons of ethanol a year sounds like a lot, but it's only 2.34 million barrels per day. And given ethanol's lower heat content—about two-thirds that of gasoline—the effective production would be equivalent to 1.54 million barrels of oil per day. The United States uses nearly 21 million barrels of oil per day, of which 12.54 million barrels are imported. Thus, even if American ethanol producers can miraculously achieve the Senate's goal of 36 billion gallons per year by 2022, they will be producing the equivalent of just 7.4 percent of America's total current oil needs and just 12.2 percent of its imports. That quantity of ethanol will not take America very far toward the oft-repeated goal of energy independence. [more]
"It is not an accident that the housing bubble coincided with the phenomenon of Peak Oil. First of all, the housing bubble should more properly be called the suburban bubble, because most of the activity came in the form of "greenfield" housing subdivisions, and included all the additional crap-o-la accessories required by them -- strip malls, power centers, Outback steak houses, car washes, et cetera. The suburban expansion has been based entirely on cheap-and-abundant supplies of oil." [more]
Closing the 'Collapse Gap': the USSR was better prepared for peak oil than the US
Read this report and grade yourself
Climate change and trace gases
We're all doomed, you know?
... Anthony Menendez, who was Halliburton's director of technical accounting research and training, has accused the world's second-largest oilfield-services company of using so- called bill-and-hold accounting and other undisclosed practices to ``distort the timing of billions of dollars in revenue.'' ... [more]
Points of contention: ... ethanol subsidies, coal subsidies, nuclear subsidies, CAFE standards. It's Big Money lobby vs. Big Money lobby, and every one of them is a distraction -- no help at best, a hindrance at worst. [more]
Older article first: [more]
Today, the United States Department of Agriculture (USDA) released
its first projections of world grain supply and demand for the coming crop year: 2007/08.
USDA predicts supplies will plunge to a 53-day equivalent—their lowest level in the 47-year
period for which data exists.
“The USDA projects global grain supplies will drop to their lowest levels on record. Further, it
is likely that, outside of wartime, global grain supplies have not been this low in a century,
perhaps longer,” said NFU Director of Research Darrin Qualman.
Most important, 2007/08 will mark the seventh year out of the past eight in which global grain
production has fallen short of demand. This consistent shortfall has cut supplies in half—down
from a 115-day supply in 1999/00 to the current level of 53 days. “The world is consistently
failing to produce as much grain as it uses,” said Qualman. He continued: “The current low
supply levels are not the result of a transient weather event or an isolated production problem:
low supplies are the result of a persistent drawdown trend.”
... who knew?
Pentagon strains under expensive crude, ... contributes grossly to force higher prices! It's true, ...
Few details here: http://www.energybulletin.net/26758.html
It is oil that runs about 11,000 US military aircrafts and helicopters, 200 combat and support ships, nearly 200,000 tracked and wheeled vehicles and 187,000 fleet vehicles (passenger cars, busses etc). The budget documents and high official's announcements show that the Pentagon will buy in the next 20 years as much war machines as it currently has (mainly to replace the old ones). Guess what, except maybe for some ground vehicles all the news ones will also run on oil.
Those war machines burn oil such intense rates that their oil consumption is mostly talked in “gallons per mile” and “gallons per minute” instead of “miles per gallon.”
For instance, F-15 fighter burns 26 gallons per minute, B-52 bomber burns 55 gallons per minute, aerial refueling tankers burn over 35 gallons per minute, and C-5 Galaxy transporter burns 58 gallons per minute. An Abrams tank takes only 0.5 miles per gallon. Note that burn rates increase due to the age and the environmental conditions.
... more here: http://www.truthout.org/docs_2006/061507F.shtml
Sixteen gallons of oil. That's how much the average American soldier in Iraq and Afghanistan consumes on a daily basis - either directly, through the use of Humvees, tanks, trucks, and helicopters, or indirectly, by calling in air strikes. Multiply this figure by 162,000 soldiers in Iraq, 24,000 in Afghanistan, and 30,000 in the surrounding region (including sailors aboard U.S. warships in the Persian Gulf) and you arrive at approximately 3.5 million gallons of oil: the daily petroleum tab for U.S. combat operations in the Middle East war zone.
Multiply that daily tab by 365 and you get 1.3 billion gallons: the estimated annual oil expenditure for U.S. combat operations in Southwest Asia. That's greater than the total annual oil usage of Bangladesh, population 150 million - and yet it's a gross underestimate of the Pentagon's wartime consumption.
... this perhaps suggests, ... that if price of oil goes up, up,up high enough, ... just perhaps, Pentagon bankrupcy may just be around the corner?
... bloated pigs fly! [more]
5/24 - 29,268 'foolish' folks registered
6/14 - 30,301 'foolish' folks registered
... and so, ... the market keeps buildin' up and up and up on this 'foolish' strength!
This report provides some useful information: ... domination by independent power producers, involvement of small developers focused entirely on wind power, consolidation and acquisition activity by large non-utility players such as oil companies and investment banks.
Communiqué from BP on peak oil [more]
We could see the whole Middle East become one gigantic war zone, ... very soon! [more]
... party, that is! Energy party. It's true, ... [more]
War, like cancer, is too lucrative a business to find a cure for. Like I said, ... invest accordingly!