Problems to Be Faced

Friday, November 7th, 2008

The Problem: "Four-fifths of the growth in energy production through 1990 is expected to come from Siberia. In the European part of the USSR, the cost of producing coal is extremely high and reserves will continue to be concentrated in the European part of the USSR and in the Urals, the ...

Transit Agencies Could Be Next Casualty of Credit Crisis

Sunday, November 2nd, 2008

Transit agencies across the United States may need to find billions of dollars to repay investors as long-term financing deals disintegrate, a result of the global credit crisis that could eventually affect millions of commuters. The recent collapse of insurance giant American International Group, which facilitated major financing deals between ...

The 2030 Riddle

Sunday, October 19th, 2008

There is only one thing more frightening than the looming prospect of a deep global recession. A boom.

Natural Gas Booming In US

Thursday, October 16th, 2008

The United States added a record high number of dry natural gas reserves in 2007, totaling 46.1 trillion cubic feet (Tcf), more than double the 19.5 Tcf of dry natural gas actually produced in the United States during the year, according to the Energy Information Administration.  Total proved reserves of ...

Let’s Face It: America Got Rich on Oil

Friday, October 10th, 2008

ABOVE: Real Income Growth Tracks Miles Traveled Until Recently ABOVE: U.S. Petroleum Consumption by Sector

Squaring Up Matters with R-Squared Energy

Sunday, October 5th, 2008

R-Squared Energy criticized an article I wrote last week for Forbes.com, which discussed the recent surge in U.S. oil and petroleum exports. Here is what R-Squared Energy says: "First off, here are the numbers from the EIA on exports from the U.S. of petroleum and petroleum products . . . The ...

The Truth About America’s Oil Addiction

Friday, September 26th, 2008

Many energy-related activities have a very precise relationship with economic growth. For example, consumption of electricity remained close to 0.45 kwh per constant dollar of GDP between 1973 and 2003. During the same time period, the number of miles driven by all vehicles was close to 3 miles per constant ...

The Greening of America’s Fleet

Friday, September 12th, 2008

In April 2008, Americans drove 1.4 billion fewer highway miles than they did a year earlier, according to the most recent Federal Highway Administration’s “Traffic Volume Trends” report. This is more than double the difference in highway miles traveled in March 2008 and the same time period in the preceding ...

Media Has Distorted the Impact of Offshore Drilling on U.S. Energy Supply

Saturday, September 6th, 2008

The media has helped convince Americans that offshore drilling for oil in the United States will significantly reduce gasoline prices, according to the Center for Economic and Policy Research. Although the U.S. Department of Energy’s Energy Information Agency has stated that the benefits from such drilling would be too small ...