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At a recent event hosted by the Hudson Institute, energy professionals gathered to discuss energy issues affecting both the United States and China, with significant discussion centering on how low oil prices generally correlate with economic prosperity and stability – and vice versa. It is projected that China’s oil import dependence will rise from 60% in 2013 to 75% in 2035 and that, in the next 15 years, China will overtake the U.S. as the world’s largest oil consumer. Like the U.S., China’s sustained economic growth is directly influenced by the price of oil. Although crude oil price spikes are… [more]
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A report, “Fuel Choice for American Prosperity,” recently published by the United States Energy Security Council (USESC), a group within the Institute for the Analysis of Global Security (IAGS), identifies challenges facing the United States’ pursuit of energy security. Despite oil imports expected to fall to their lowest level since 1987 (EIA), the total amount of money the U.S. spends on oil imports has increased. If energy security is defined as “reliable supply at an affordable price,” as the report’s authors define, the U.S. has improved the former, but failed to impact global oil prices, which have risen more than… [more]
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Advisor
Fuel Freedom Foundation
Last week, the Tesla Model S, an electric-powered car, received the National Highway Traffic Safety Administration’s highest mark in its history of ranking cars. Consumers Reports granted the Tesla Model S ninety-nine out of 100 points in their overall measure of vehicles and Motor Trend magazine named the Model S the 2013 Car of the Year. While Tesla’s increasing appeal may lead the way toward increasing market penetration for electric vehicles (EVs) in the future, real competition, at the present time and for some time to come, will depend upon opening up the present-restrictive gasoline market to alternative fuels, like… [more]
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Advisor
Fuel Freedom Foundation
The recent projections for future energy consumption from Exxon Mobil’s report, “Outlook for Energy,” and the EIA’s “Annual Energy Outlook, 2013” essentially said the same thing concerning the potential for natural gas and its derivative methanol: Natural gas use now is only about 1 percent of the total fuel used in vehicles, and by 2040, it will only rise to 4 percent. This increase will take place in the trucking sector and liquefied natural gas (LNG). Owners of automobiles will not rush to natural gas, because of a lack of pumping stations and the low density of natural gas. Adam… [more]
View InsightAt the Methanol Policy Forum – held March 27, 2012 in Washington, DC – energy industry and policy experts convened to discuss the fuel’s potential as a transportation fuel. The Forum’s opening remarks were made by DOE Assistant Secretary David Sandalow, who offered that methanol offered advantages as a transportation fuel but also brings along some challenges. Among the advantages: “First, and perhaps most important, methanol is inexpensive to produce. At today’s low natural gas and high oil prices, methanol could help reduce fuel costs consumers pay at the pump. “Second, methanol is a liquid at room temperature. It doesn’t… [more]
View InsightJ.C. Ward Jr. Professor of Nuclear Energy Engineering
Cornell University
The President said in his State of the Union Address, “And nowhere is the promise of innovation greater than in American-made energy.” He then talked about opening federal land for oil and gas exploration, implied that relying on foreign oil is not a good thing, and stated, “This country needs an all-out, all-of-the-above strategy that develops every available source of American energy a strategy that’s cleaner, cheaper, and full of new jobs.” Considering the President’s all-of-the-above platform, and the goals implicit in it, we’d be wise to evaluate our national relationship to oil. The U.S. currently produces around 7.6 million… [more]
View InsightA Call to Action: Executive Summary by Herschel Specter President, RBR Consultants, Inc. mhspecter@verizon.net This report is a call to action, and it presents a multi-faceted national energy plan that would address the twin threats of petroleum usage and climate change that pose severe, imminent risk to the U.S. economy, environment and national security. It lays out specific goals and actionable approaches – both low-tech and high-tech – that would allow America to avert this looming crisis. By 2036, implementation of this plan should lead to over $11 trillion (2008) dollars in savings through reduced oil consumption and to the… [more]
View InsightTranscript: “Economics of America’s Oil Dependence” Opening Remarks: WILLIAM SQUADRON, President, OurEnergyPolicy.org REPRESENTATIVE PETER WELCH (D VT), Co Chair, Congressional Peak Oil Caucus REPRESENTATIVE ROSCOE BARTLETT (R MD), Co Chair Congressional Peak Oil Caucus Panel Speakers: THE HONORABLE J. BENNETT JOHNSTON, Retired U.S. Senator from Louisiana; Chairman, Johnston & Associates ROGER BEZDEK, President, Management Information Services, Inc.; Co Author, The Impending World Energy Mess EYAL ARONOFF, Co Founder, Quest Software; Member, Set America Free Coalition Moderator: YOSSIE HOLLANDER, Founder and Chairman, OurEnergyPolicy.org
View InsightNote: Synopsis based on OurEnergyPolicy.org review of draft legislation as well as media summaries. Synopsis intended solely for purposes of generating discussion. Key provisions of H.R. 1687, the Open Fuel Standard Act of 2011 (as of May 5, 2011) Would require defined percentages of light-duty automobile manufacturer’s inventory to operate on nonpetroleum fuels in addition to, or instead of, petroleum-based fuels along the following timetables 50% of new vehicles in 2014 80% of new vehicles in 2016 95% of new vehicles in 2017 and each subsequent year Qualified vehicles would include passenger automobiles and light-duty motor vehicles which: operate solely… [more]
View InsightNote: Synopses taken from Congressional Research Service summaries. H.R. 1476 & S. 835 H.R. 1476 S. 835 Requires each light-duty automobile manufacturer’s annual covered inventory to comprise at least: 50% fuel choice-enabling automobiles in years 2012-2014; and 80% fuel choice-enabling automobiles in 2015, and in each subsequent year. Requires each light-duty automobile manufacturer’s annual covered inventory to comprise at least: 50% fuel choice-enabling automobiles in years 2012-2014; and 80% fuel choice-enabling automobiles in 2015, and in each subsequent year. Defines “fuel choice-enabling automobile” as: a flexible fuel automobile capable of operating on gasoline, E85, and M85; or an automobile capable… [more]
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