Some people (like the US House) seem to not understand how oil prices are calculated. Luckily, Marketplace has a great introduction to the subject called “Who’s getting fat on higher oil prices?” Economist Philip Verleger watches the oil industry. He says the ultimate price is decided by traders in New York, London and other global …
Tag Archives: energy
Gore’s new slide show at TED
I’ve been working my way though the many wonderful talks at TED and was happy to see a new one pop up with Gore showing his new slide show: New thinking on the climate crisis. Do yourself a favor, and watch it. He is a great speaker, and the topic is extremely important. Gore is …
Energy assumptions
Jim Kunstler’s latest post is typically inflammatory, but definitely makes for some good reading: The price of oil is up 53 percent over a year ago, creeping up now toward the mid-$90-range. The news media is still AWOL on the subject. (The New York Times has nothing about it on today’s front page.) The dollar …
The ethanol scam
RollingStone has a great article called Ethanol Scam: Ethanol Hurts the Environment And Is One of America’s Biggest Political Boondoggles. If you aren’t familiar with the subject, this article is a great introduction. This is not just hype — it’s dangerous, delusional bullshit. Ethanol doesn’t burn cleaner than gasoline, nor is it cheaper. Our current …
Messed up priorities
The USA is facing higher bills, and potential shortfalls for our energy use. Bush has committed a lot of our tax dollars towards ‘alternative’ energy sources – mostly coal [stop-gap and dirty], hydrogen [not really a source], and nuclear [expensive]. But there are two things that can have a huge impact on energy prices. These …