There is a lot of conversation today about grid parity, that point at which the cost of a renewable energy source gains economic equality to the available non-renewable sources. Naturally, this has a lot to do with location as costs of both renewable and non-renewable and renewable energies vary wildly from place to place....
Oil prices fell again today at reports of increasing supplies contradicted industry expectations. Oil hit $132.10 near the open before struggling back up to $134.44. The Energy Information Administration reported U.S. crude oil supplies jumped by 3 million barrels last week. That’s a 6 million barrel swing from the 3 million barrel decline predicted...
Answering some questions as to who might be partially responsible for the skyrocketing oil prices and, in case someone hasn’t figured it out yet, revealing on whose side the OPEC countries stand, Abdalla Salem El-Badri, OPEC’s secretary general has declared that, despite the fact that Iran produces less than 5% of OPEC’s 87 million...
T. Boon Pickens is a geologist by trade, made his billions in oil and has been a lifelong promoter of both T Boon Pickens and his latest project. Today a national TV campaign kicked off his plan to help rid America of its dependence on foreign oil. Simply called “The Plan” and featured on...
While conventional science has believed since the mid 1700′s that oil is the byproduct of dead dinosaurs, ferns and trees being processed underground for millions of years and is therefore being depleted on a daily basis, a contradictory theory by Dr. Thomas Gold, the founder, and for over 20 years, the director of the...
Today, coal produces more than half the electricity consumed in America. Natural gas, nuclear and conventional hydroelectric make up another 45% meaning that combined, geothermal, wind and solar along with all the other alternative forms of power comprise a mere 5% of the total production into the US power grid. This statistic points out...
You read it here first! Not only will oil be under $20 a barrel, the momentum in the war on terror, if we haven’t won by then, will have shifted heavily in favor of the “Good Guys” primarily because Muslim extremists will be starved for funds and no longer able to prosecute the war...
Not to be outdone by General Motors’ (NYSE: GM) announcement in early June that they will begin production of their new plug-in car, the 150 mpg Chevy Volt with an anticipated production run of 10,000 vehicles for the 2010 model year, Toyota (NYSE: TM) and Honda (NYSE: HMC) have jumped into the race with...
On May 13th, 2008, the Democratic controlled Senate defeated a bill that would finally open up ANWR to exploration thereby assuring an increase in domestic production of oil. Instead the Senate voted to suspend deposits in the Strategic Reserve. That was their idea of solving the energy crisis. That kind of logic is tantamount...
The first signs are emerging that Americans are finally ready to do something about their addiction to oil coupled with their staunch refusal to allow expansion of production. Believe it or not, America reached its peak oil production in 1970/71 at about 3.5 billion bbl’s per year. Aside from a minor rebound in the...