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NRDC’s recently released report ranks states in two critical areas related to our nation’s continuing addiction to oil: gas price vulnerability – calculated as the percentage of personal income spent on gasoline by the average driver in each state – and state’s adoptions of solutions to reduce oil dependence. The report yields some conclusions: All states are impacted by oil dependence, but some states’ drivers are hit harder economically than others. The top 6 states most vulnerable to gas prices are Mississippi, West Virginia, South Carolina, Kentucky, Oklahoma and Texas, with the average drivers in these states spending 7.3-9% of… [more]
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The burgeoning U.S. shale industry that has helped reduce natural gas prices to record low-levels now may benefit U.S. commuters and the transportation sector. Oxford Catalysts Group Plc and Sundrop Fuels Inc., backed by Chesapeake Energy Corp., are planning to build factories in the U.S. to make more affordable diesel, gasoline and jet fuel from cheap gas. This gas-to-liquids technology has proven successful at locations like Royal Dutch Shell’s Pearl GTL plant in Qatar, where gas feedstock prices are also relatively low. According to Bloomberg, with access to gas at $3.89 per mmBtu, Oxford Catalysts would be able to produce premium… [more]
View InsightIn the second presidential debate of 2012 an attendee asked President Obama, “Your energy secretary, Steven Chu, has now been on record three times stating ‘It’s not policy of this department to help lower gas prices.’ Do you agree with Secretary Chu, that this is not the job of the Energy Department?” The question went essentially unanswered as both candidates took the opportunity instead to promote their energy platforms. The answer to this question may be simple, as OurEnergyPolicy.org Expert Joel Brown explains in a tweet: “The unanswered question answered: the DOE does NOT have the charge to lower gasoline… [more]
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With oil playing such an important role in transportation, energy, and manufacturing worldwide, supply disruptions pose a serious threat to the global economy and political stability. Earlier this year, the Herzliya Conference convened a group of experts and practitioners from a range of specialties around the world to participate in a war-game that examined a possible oil-shortage scenario: a global oil crisis initiated by a terrorist attack on the Saudi Arabian Abqaiq oil facility. Under the conditions of the simulation six million barrels of oil per day were removed from global markets, resulting in a shortage of millions of barrels… [more]
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