Search Results for transportation
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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]

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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]

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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]

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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]

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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]

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H.R. 7, the American Energy & Infrastructure Jobs Act

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: January 10, 2012 at 8:32 AM

Yesterday House Speaker John Boehner announced that H.R. 7, The American Energy & Infrastructure Jobs Act, will be put to a vote in “the coming weeks and months”. H.R. 7 would use revenue from expanded domestic oil drilling to fund infrastructure projects. According to the Speaker the bill “will link expanded American energy production to high-priority infrastructure projects like roads and bridges in order to create more jobs.” According to a summary of H.R. 7 on the Speaker’s website, the bill would: “Fund High-Priority Projects.  The bill would remove federal requirements that currently force states to spend highway money on… [more]

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Analysts Predict High Oil Prices in 2012

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: December 30, 2011 at 8:12 AM

Oil prices are expected to average between $100 and $120/barrel in 2012. “Economists say they expect prices to remain high despite the relative weaknesses of the American and European economies because global demand for oil … is escalating and outstripping supply.” [New York Times] Due in part to consumers driving less and purchasing more fuel efficient cars, the United States economy has weathered high oil prices relatively well in 2011. Bernard Baumohl, chief global economist at the Economic Outlook Group, told the Times that “the danger is if oil starts to move toward $130 a barrel, or even higher… Then… [more]

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Iran Threatening to Close Strait of Hormuz

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: December 29, 2011 at 8:59 AM

The New York Times has reported that Iran has threatened to block all oil shipments through the Strait of Hormuz, which serves as a transport corridor for approximately 1/5 of world oil supply. The threat is in response to U.S. sanctions on Iran that are awaiting President Obama’s signature. The sanctions, if enforced, would penalize foreign businesses for doing business with Iran’s national bank, which is responsible for collecting payment on much of the country’s energy exports. The sanctions are in response to a November IAEA report, and are intended to penalize Iran for pursuing secretly nuclear weapons in spite… [more]

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ExxonMobil’s 2012 Outlook for Energy

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: December 21, 2011 at 8:35 AM

ExxonMobil recently released its 2012 Outlook for Energy: A View to 2040, a report forecasting energy trends out for the next several decades. Among the projections highlighted in ExxonMobil’s announcement: “Global energy demand is expected to rise by about 30 percent from 2010 to 2040, [but] demand growth would be approximately four times that amount without projected gains in efficiency.” “ExxonMobil sees advanced hybrid vehicles accounting for 50 percent of the cars people will drive in 2040, compared to about 1 percent today. This, plus improved fuel economy in conventional vehicles, will cause demand for energy for personal vehicles to… [more]

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Transcript: Economics of America’s Oil Dependence

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: October 20, 2011 at 5:25 PM

Transcript: “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

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