The Department of Energy estimates that opening the Arctic National Wildlife Refuge would lower the cost of gas by 4 cents per gallon – twenty years from now. With the price of oil at an all time high, we’re sure that you – and all Americans – are feeling increasingly frustrated by high gas prices. [...]
I guess profits in the billions every quarter for the last couple of years just isn’t helping Exxon stay afloat, so the Supreme Court just declared that the $2.5 billion in punitive damages owed for the Valdez oil spill in Alaska is just too much and it should be reduced to $507 million. This is [...]
Sure, it’s a public company and they deserve to make a profit – I don’t begrudge the oil companies that at all, really. I understand it. What I don’t understand is how they can flaunt their billion dollar profits while saying they cannot do anything about the price of oil. Well actually, I do now [...]
So you think that $50 tank of gas is bad…wait until you then drive to the store to find everything in it costing 20% more! Unfortunately we have built our society around the idea of cheap and plentiful oil, and it looks like that era is coming to an end. In the span of about [...]
So says an analyst at Goldman Sachs who is known to be right about such things. Arjun N. Murti “argues that the world”™s seemingly unquenchable thirst for oil means prices will keep rising from here and stay above $100 into 2011.” However, Mr. Murti, like myself, thinks this is a good thing as it might [...]
EarthTalk is a new weekly installment from E/The Environmental Magazine. Dear EarthTalk: As I understand it, coal that is used to fuel power plants and other industrial activity is a key culprit in pollution and climate change. So what is “clean coal” and is it really? — Matthew Oliver, Minneapolis, MN The term “clean coal” [...]
Last weekend I was catching up on some reading and was checking out the December 2007 edition of the magazine Environment: Science and Policy for Sustainable Development and I ca…what’s that you say? Do I normally spend my weekends reading policy magazines on energy? Um, ahh…yea, I do. Ask my wife, it drives her crazy [...]
