June 4, 2012
IMF Warning on Oil Prices Shows Urgent Need for Alternative Fuel Sources, Fuel Freedom Foundation Says – MarketWatch.
IRVINE, Calif., May 24, 2012 (BUSINESS WIRE) — The Fuel Freedom Foundation says that a new warning from the International Monetary Fund underscores the urgency of opening markets to competition from alternative fuels such as natural gas, ethanol, methanol and electricity. The IMF Working Paper, entitled “The Future of Oil: Geology versus Technology,” predicts that oil prices could permanently double in the next decade.
“The IMF report warns that a doubling in oil prices will send the global economy into ‘uncharted territory,’ which would spell disaster,” said Joseph A. Cannon, President of the Fuel Freedom Foundation. “Fortunately, disaster can be averted if we open our markets to competition from cheaper, cleaner, American-made alternative fuels to gasoline. This is the only way to bring down oil prices significantly and structurally, and ensure future economic growth.”
May 14, 2012
Open Fuel Standard: New Co-Sponsor: Representative Michael Fitzpatrick.
Rep. Michael Fitzpatrick is a Republican Congressman from the 8th district of Pennsylvania, a member of the House Republican Policy Committee, and the newest co-sponsor of the Open Fuel Standard Act.
March 30, 2012
DOE Assistant Secretary David Sandalow at Methanol Policy Forum 2012 – YouTube.
Department of Energy Assistant Secretary for Policy and International Affairs David Sandalow offered these remarks to the audience at Methanol Policy Forum 2012 in Washington, D.C. that looked at the role of methanol fuel and methanol in transportation as an emerging clean fuel technology.
For more information, visit http://www.methanol.org
March 12, 2012
America’s Energy Disaster – Robert Zubrin – National Review Online.
President Obama says his energy policy is a great success. In support, Democratic-party stalwart John Podesta trumpets the claim that the United States is now producing more oil than it imports. A recent article in the Bloomberg News goes even further, saying that the U.S. is now a net oil exporter. New York Times columnist Tom Friedman instructs us to rejoice: High oil prices are now good for the United States.
Unfortunately, none of this is true. For the record, according to the Department of Energy/Energy Information Agency February 2012 Monthly Energy Review, the United States currently consumes (November 2011 figures, p.52) 12.93 million barrels of oil per day (mpd) in its transportation sector, 4.55 mpd in its industrial sector, 1.159 mpd in its residential and commercial sectors, and 0.096 mpd in electrical-power generation, for a total consumption of 18.735 mpd. In contrast, (page 37) in 2011, the United States averaged a production rate of 5.671 mpd of crude oil, or 30 percent of its total consumption, for a net deficit of 13.064 mpd, or 4.77 billion barrels per year. At today’s oil price of $105 per barrel, the bill for these imports runs to $500 billion per year, a tax on our economy equal to 20 percent of what Americans pay the IRS, and a reduction in the nation’s GDP sufficient to account for a loss of 5 million jobs at an average salary of $100,000 per year each.
February 7, 2012
ZUBRIN: Rising oil prices threaten economic crash – Washington Times.
In recent days, oil prices have climbed above $100 per barrel. As chaos spreads through the Arab world, we could soon see much worse.
According to recent testimony given to Congress by Federal Reserve Chairman Ben S. Bernanke, the current soaring oil prices are no reason for concern. According to the stock market, which has dropped hundreds of points each time oil prices have edged up another dollar or two, the situation is a five-alarm emergency. Who is right?
January 20, 2012
LUFT: Market-based future for ethanol – Washington Times.
Domestic product is critical insurance policy against oil shocks
For years, ethanol has been the fuel free marketers loved to hate. Much of this is for good reason. Ethanol represented what most Americans dislike about Washington: undue government intervention in the free market, abuse of taxpayer dollars and political favoritism. The result is that for many people, ethanol is identified with pork and corruption rather than with energy security.
ut as of January 2012, Congress has ended the 30-year practice of putting $6 billion a year,known as the Volumetric Ethanol Excise Tax Credit, into the pockets of big oil companies for the ethanol blended into our fuel. Also finished is the 54-cent-per-gallon import tariff on Brazilian sugarcane ethanol. Now that ethanol has lost these protectionist measures, intellectual consistency warrants that free marketers continue to make wrong right. Unsubsidized ethanol should be able to compete with unsubsidized gasoline, methanol and other fuels at the pump so consumers can choose to purchase the cheapest fuel. Today, this cannot be done since most of the cars sold in the United States are blocked from burning anything other than gasoline.
January 17, 2012
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.
September 30, 2011
Across the Aisle: The PSA Blog » National Security Experts Launch Energy Initiative.
Last week, the highest level extra-governmental group ever convened to address any public policy challenge met in Washington, D.C. to announce the launch of their new organization – the United States Energy Security Council – formed to advance American energy security. This bipartisan group of 20 influential former cabinet officials, military personnel, retired Senators, and prominent business leaders, includes three PSA Advisory Board members – Robert C. McFarlane, former National Security Advisor, John Lehman, former Secretary of the Navy, and Gary Hart, former Senator (D – Colo.).
At their launch event, USESC founders emphasized the importance of finding solutions to the nation’s current energy dilemma and described the risk associated with America’s reliance on oil as a sole transportation fuel. Across the bipartisan panel, members agreed that, in the interest of national and economic security, America must pursue strategies to diversify the fuel sources used in transportation – eliminating the decades old monopoly that oil has enjoyed in the U.S. transportation sector and diminishing the strategic importance of this resource. McFarlane was certain to point out, however, that the group is not “anti-oil,” but more accurately “pro-fuel choice.”
September 30, 2011
Open Fuels Standard Act aims for 50% flex-fuel cars in US by 2015 : Biofuels Digest.
In Washington, Sen. Maria Cantwell joined Sen. Dick Lugar in introducing a bill to break oil’s monopoly over the U.S. transportation fuel industry by ensuring that most new vehicles in the United States are capable of running on a range of domestically produced alternative fuels starting in 2015.
The Open Fuels Standard Act requires that starting in 2015, 50% of new vehicles manufactured or sold in the United States be flex fuel capable – meaning able to run on non-petroleum fuels such as domestically-produced ethanol or methanol or other alcohols in addition to, or instead of, petroleum-based fuels.
September 21, 2011
How to Weaken the Power of Foreign Oil – NYTimes.com.
OUR country has just gone through a sober national retrospective on the 9/11 attacks. Apart from the heartfelt honoring of those lost — on that day and since — what seemed most striking is our seeming passivity and indifference toward the well from which our enemies draw their political strength and financial power: the strategic importance of oil, which provides the wherewithal for a generational war against us, as we mutter diplomatic niceties.
Oil’s strategic importance stems from its virtual monopoly as a transportation fuel. Today, 97 percent of all air, sea and land transportation systems in the United States have only one option: petroleum-based products. For more than 35 years we have engaged in self-delusion, saying either that we have reserves here at home large enough to meet our needs, or that the OPEC cartel will keep prices affordable out of self-interest. Neither assumption has proved valid. While the Western Hemisphere’s reserves are substantial and growing, they pale in the face of OPEC’s, which are substantial enough to effectively determine global supply and thus the global price.