Archive for ‘Alternative Energy’

January 17, 2012

How to Reduce Oil Prices – Robert Zubrin – National Review Online

How to Reduce Oil Prices – Robert Zubrin – National Review Online.

The United States is by far the world’s leading oil importer. Thus, when the price of oil goes up, our economy is severely taxed. At the beginning of 2011, many economists were talking about an emerging U.S. economic recovery. Yet by spring, as oil prices climbed above $100 per barrel, it became apparent to all who were paying attention that no escape from recession was in sight.

The economic impact of oil prices on the American economy is shown on the graph below, which compares oil prices (adjusted for inflation to 2010 dollars) to the unemployment rate from 1970 to the present. Every oil-price hike for the past four decades, including those in 1973, 1979, 1991, 2001, and 2008, was followed shortly afterwards by a sharp rise in American unemployment.

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January 5, 2012

Oil prices: What happens if Iran shuts down the Strait of Hormuz? – CSMonitor.com

Oil prices: What happens if Iran shuts down the Strait of Hormuz? – CSMonitor.com.

If the rhetoric doesn’t calm down, it may not be long before the price of oil moves into the $110- to $125-a-barrel range, energy analysts say.

At issue is a significant amount of the world’s oil that moves by sea. In 2011, about 17 million barrels of oil per day, or about 35 percent of the world’s seaborne traded oil, moved through the Strait of Hormuz, the US Energy Information Administration estimates. Much of this oil flows to AsiaJapan, China, India, and other emerging economies. But some of the oil flows to Europe, and a relatively small amount – some 1.1 million barrels per day – goes to the United States.

January 5, 2012

Oil Price Would Skyrocket if Iran Closed the Strait of Hormuz – Yahoo! Finance

Oil Price Would Skyrocket if Iran Closed the Strait of Hormuz – Yahoo! Finance.

HOUSTON — If Iran were to follow through with its threat to blockade the Strait of Hormuz, a vital transit route for almost one-fifth of the oil traded globally, the impact would be immediate: Energy analysts say the price of oil would start to soar and could rise 50 percent or more within days.

December 19, 2011

The Methanol Story: A Sustainable Fuel for the Future

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Development of vehicles that could operate on alternative fuels began in earnest as a response to the oil shocks of the
1970s. Of the various choices, methanol appeared to be the best candida~ for long-term, widespread replacement of
petroleum-based fuels. Initial support by the government was based on the desire for energy security, but the potential for
improvement in air quality became an important driver as well. Experimental fleets of dedicated methanol vehicles did well
in the field, but the lack of refueling infrastructure led to the development of the flexible fuel vehicle (FFV), a vehicle that
could operate on either gasoline or methanol with only one fuel system Oll’ board. Legislation was put in place to encourage
the auto industry to begin production, which started in 1993 for the M85 FFV at Ford. By the end of the decade, however,
full production volumes had been transferred to the E85 FFV (gasoline or ethanol). The technical, economic and political
reasons for this shift are emphasised and are discussed below, including visions for the future, and the direct
methanol fuel cell.

December 6, 2011

Methanol Wins – Robert Zubrin – National Review Online

Methanol Wins – Robert Zubrin – National Review Online.

On August 2, I published an open wager on National Review Online. I offered to bet up to ten people $10,000 each that I could take my 2007 Chevy Cobalt, which is not a flex-fuel car, and, running it on 100 percent methanol, get at least 24 miles per gallon on the highway. Since methanol averages less than half the price of gasoline — and can readily be made from coal, natural gas, or any kind of biomass without exception — this would demonstrate superior transportation economy from a non-petroleum fuel that is producible from plentiful American resources.

Unfortunately, no one took the bet. That fact alone says a lot. Of the 7 billion people on this planet, there are about a million or so who know a great deal about cars. Clearly, not one of them was sufficiently doubtful that it could be done to put his money on the line. Although it left me short a nice chunk of easy cash, the refusal of anyone to accept my challenge should have settled the matter. But some people, while refusing to take the bet, still demanded that I conduct the test anyway. I did, and here are the results.

November 16, 2011

Brent oil price could hit $200 a barrel if Iran nuclear facilities targeted – Tehran Times

Brent oil price could hit $200 a barrel if Iran nuclear facilities targeted – Tehran Times.

Brent oil prices could well hit $200 a barrel on rising political tensions in the Middle East if occupying regime of Israel makes a decision to attack Iran’s nuclear facilities.
The main worry among crude oil traders is that Israel launches a unilateral surprise attack to try to destroy Iran’s nuclear facilities and that Iran retaliates by closing, even if only briefly, the oil flow through the Strait of Hormuz.
The strait is important because 15.5 million barrels per day of oil passes through it each day, equivalent to a third of the all seaborne traded oil.
November 9, 2011

Pearson Fuels

Pearson Fuels.

VIDEO: Fueling Better

November 9, 2011

gulfnews : Race to find alternate energy source heats up

gulfnews : Race to find alternate energy source heats up.

It is a major issue for Western countries too, as a recent report by the CNA military advisory board illustrated recently. The report urges the US to cut oil use by 30 per cent over the next decade to reduce grave national security risks.

The report claims that Washington’s reliance on imported oil is a “weak point in national security,” considering that the closure of the Strait of Hormuz for 60 days, for example, would affect prices and jobs in the US.

October 20, 2011

Ethanol Producer Magazine | EthanolProducer.com

Ethanol Producer Magazine | EthanolProducer.com.

Calling their industries’ relationship a “productive and cordial” one, Renewable Fuels Association President and CEO Bob Dinneen and Mitch Bainwol, CEO of the Alliance of Automobile Manufacturers, issued a joint statement from the RFA’s annual meeting in Washington, D.C., asserting the two groups’ commitments to implementing renewable fuel technologies throughout the U.S. But while some progress has been made in getting the two industries to agree on certain items, the groups remain divided on many important issues.

“Both the automotive and ethanol industries are defined by their constant innovation and evolution,” the pair stated. “We firmly believe that America can secure its energy future and create jobs by investing in new vehicle and fuel technologies that harness the innovative power of American workers to redefine how we power our cars. Despite current differences over how to best increase the amount of ethanol included in America’s fuel supply, automotive and ethanol interests all agree that renewable fuels are a path down which American must head.”

October 20, 2011

Ethanol Producer Magazine | EthanolProducer.com

Ethanol Producer Magazine | EthanolProducer.com.

A coalition of biofuel producers, technology providers, cleantech investors and supporting companies have formed a new lobby campaign focused on convincing lawmakers to open the U.S. fuel market to alternative fuels. The campaign, called FuelChoiceNow, supports the deployment of technologies that will enable all types of alternative fuels the opportunity to compete in the consumer fuel space, including methanol, natural gas, electricity and biofuels.

“The only way to free the American consumer from the vicious cycle of world oil price spikes is to give them a choice at the pump,” Matt Horton, CEO of alternative fuel pump retailer Propel Fuels, says. “There are alternatives, but we need to unleash them.”