Search Results for transportation
63 item(s) were returned.
Discussion

Economist: High Oil Prices Not (Necessarily) Bad for Economy

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: March 6, 2012 at 8:22 AM

In a Yardeni Research blog post highlighted by an article in the New York Times, economist Ed Yardeni argued that rising oil prices “may actually be good for the stock market, up to a point.” This is due, in part, to energy sector companies like Chevron and Exxon making up more than 12% of the S&P 500’s market capitalization. Yardeni notes that since late 2008 there has been “a strong positive correlation between energy prices and the stock market.” If prices continue to rise, however, the odds of that positive effect lasting diminishes. “At some point,” Yardeni told the Times,… [more]

View Discussion
Discussion

DOE-backed Firm Claims Battery Breakthrough

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 28, 2012 at 8:08 AM

As reported by the New York Times, Envia Systems, a California-based battery manufacturing company, announced yesterday what it calls a “major breakthrough” in battery technology that is “poised to revolutionize cost, range and safety in electric vehicles.” According to Envia’s press release, the breakthrough is a world record 400 Watt hour/kg lithium-ion battery, at a cost of $150 per kilowatt-hour, which is expected to “slash the price of a 300-mile range electric vehicle by cutting the cost of the battery pack by more than 50 percent.” Envia was awarded $4 million by DOE’s ARPA-E in 2009, and later received $7… [more]

View Discussion
Discussion

Obama: No ‘Silver Bullet’ for Gas Prices

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 27, 2012 at 8:08 AM

Addressing high gasoline prices at a February 23 speech in Miami, President Obama made a case for continued investment in fuel economy and alternative fuel sources like algal biofuels and natural gas. The U.S. cannot drill its way out of high gas prices, he said, adding that anybody who says otherwise “doesn’t know what they’re talking about or just isn’t telling you the truth.” [Fox News] “It’s the easiest thing in the world to make phony election-year promises about lower gas prices,” Obama said. “What’s harder is to make a serious, sustained commitment to tackle a problem that may not… [more]

View Discussion
Discussion

U.S., Mexico Reach Gulf Drilling Agreement

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 22, 2012 at 8:38 AM

U.S. and Mexican negotiators on February 20th reached a deal – called The Transboundary Agreement – that would regulate oil and gas development along the countries’ maritime border in the Gulf of Mexico. The Agreement would allow each country to oversee the environmental and safety protocols of the other, and could by June open 1.5 million acres of U.S. offshore territory for oil and gas development. The U.S. Interior Department estimates that the area in question “contains as much as 172 million barrels of oil and 300 billion cubic feet of natural gas, relatively modest amounts by the oil-rich gulf’s… [more]

View Discussion
Discussion

Obama’s FY2013 Budget Heavy on Energy R&D, Renewables, Efficiency

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 16, 2012 at 8:00 AM

President Obama sent his requested FY2013 budget to Congress Monday, and requested, among other energy-related items, significant increases to energy R&D, renewable energy investments, and energy efficiency programs. From the request: “In light of the tight discretionary spending caps, this increase in funding is significant and a testament to the importance of innovation and clean energy to the country’s economic future.” Among the energy-related budget requests: $27.2 billion to the Department of Energy, a 3.2% hike over FY2012 $5 billion for DOE’s Office of Science $2.3 billion for DOE’s Energy Efficiency and Renewable Energy office – a 29% increase –… [more]

View Discussion
Discussion

U.S. Approaching Energy Self-Sufficiency?

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 8, 2012 at 8:51 AM

According to data collected and reported by Bloomberg News, the “U.S. is the closest it has been in almost 20 years to achieving energy self-sufficiency”. In the first 10 months of 2011, 81% of U.S. energy demand was met by domestic sources, up from a record low of 70% in 2005. If the 2011 numbers are accurate, this would be the highest proportion of U.S. energy demand met by domestic sources since 1992. This upward trend in energy self-sufficiency is due in large part to increased oil and natural gas development, and low natural gas prices. “Domestic oil output is… [more]

View Discussion
Discussion

Oil and Gas Bills Advance to House

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: February 3, 2012 at 8:43 AM

Three House bills that would greatly expand U.S. oil and gas development – H.R. 3407, H.R. 3408, and H.R. 3410 – were approved by the Natural Resources Committee on February 1, 2012. H.R. 3407 would open up vast areas of Alaska’s coastal plain to oil leasing. H.R. 3408 would expand shale oil development in several Western states. Many Democrats opposed the bill, arguing that the environmental, social, and geologic risks of shale oil development are not yet well understood. The committee voted down a Democratic amendment that would have required the USGS to study oil shale development impacts on water… [more]

View Discussion
Discussion

Balancing the Benefits and Costs of Natural Gas

Author(s): Melanie A. Kenderdine
Principal
Energy Futures Initiative
Date: January 26, 2012 at 8:19 AM

Modeling results in the MIT Future of Natural Gas Study released in June of last year suggested that the US could make major progress in the next two decades towards achieving a 50% reduction in CO2 emissions by 2050 – a real reduction, no offsets or other creative and questionable mechanisms –largely through two actions: reduced energy consumption, and switching from coal to natural gas in power generation. The study also concluded that simply by utilizing surplus Natural Gas Combined Cycle capacity from existing units in lieu of coal generation, the US could achieve a 20% reduction in CO2 emissions… [more]

View Discussion
Discussion

Oil and Our Economy

Author(s): Herschel Specter
President
Micro-Utilities, Inc.
Date: January 18, 2012 at 8:52 AM

A number of studies have shown that high oil prices have been a major factor in causing recessions in the United States. The cause of previous high oil prices has often been tied to events such as strikes in oil producing nations (e.g. Venezuela), wars (Iraq invading Kuwait, the Iran/Iraq war, the Gulf war), oil embargoes (Saudi Arabia and other OPEC nations cutting off oil supplies to countries that supported Israel in the Yom Kippur war), and revolutions like the Iranian revolution. In one form or another all of these events could be grouped together as political events that caused high… [more]

View Discussion
Discussion

What’s Next? Choosing Wisely at the End of the Oil Age

Author(s): Dr. Bruce Dale
University Distinguished Professor
Michigan State University, Dept. of Chemical Engineering
Date: January 12, 2012 at 8:31 AM

The past century can rightly be called the Age of Oil.  World oil consumption grew from about 20 million metric tons/year in 1900 to nearly 4000 million tons/year in 2005—a 200 fold increase.  The economic activity enabled by oil consumption also greatly increased both human wealth and the human population size over the last century. But it is also clear that the Age of Oil is winding down.  It is obvious, but often forgotten, that we must discover oil before we can produce, refine and use it.  Worldwide, the rate of discovery of new oil reserves peaked in the 1960s.… [more]

View Discussion