The latest updates along with thought provoking opinion on the world oil crisis.
Detroit (Alt Energy Stocks – 5/23/2011) – According to the Automotive News, General Motors (NYSE: GM) sold 493 Volts in April, representing a decline from the 608 sold in March. During that same period, Nissan (Pink Sheets: NSANF) increased deliveries of their all electric vehicle, the LEAF, from 298 in March to 573 in...
Since June 18th, we have been saying that the development of alternative energy sources and becoming not only energy independent but also becoming an oil exporting nation is a matter of national security. On that day, we predicted that oil would be at $20 a barrel by 2020. If there was ever any doubt...
While Democratic Presidential candidate Barack Obama continues to loudly beat the alternative energy drum, which we appreciate and acknowledge, by staunchly opposing nuclear energy and resisting discussions regarding expanded offshore drilling, his judgment is, once again, is proving to be as flawed as it is shallow. Both nuclear and offshore drilling are essential components...
Recent reports that Saudi Arabia is actively considering ways to diversify their economy to be less dependent on oil for revenues suggests that the leader of the OPEC cartel have realized that the civilized world has tired of being dependent on these oppressive, uncaring tyrants and basically valueless residents of the planet and have...
Russia’s attack on Georgia has highlighted, more than any other recent event, that oil independence is critical to America’s national security. If ever there was a reason for Americans to support alternative energy and to add or increase the number of alternative energy stocks in their portfolio, this would be it. While America has...
While Democrats, led by Nancy Pelosi and Harry Reid and with the tacit approval of Barack Obama, are blocking attempts to bring an energy bill to a vote that would allow US companies to drill on the outer continental shelf, where China and others are already beginning to tap the vast reserves available to...
House Speaker Nancy Pelosi (D-Ca) and Senate Majority Leader Harry Reid (D-Nev), with tacit approval of Barack Obama are continuing to quash attempts by Republicans to bring legislation to a vote that would allow the US to join China off our shores by opening the Outer Continental Shelf to exploration by US companies. This...
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...