February 3, 2012

A Glut of Cheap Oil is Vital For Our Future

Gail Tverberg, OilPrice.com


google image

Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’s cars and trucks run on oil. It is popular to talk about changing to some other fuel, but the practicalities are that any such change will be very slow. There is a huge cost associated with replacing cars and trucks with vehicles using other fuels, assuming we could figure out the technology to do this. . .

Read Full Article ››

TAGGED: Donna Rice, domestic oil, energy outloo, oil, OilPrice.com

RECOMMENDED ARTICLES

February 1, 2012
The Problem with Closing Our Refineries
Tom Whipple, FC News-Press
Here is one more thing for those of us who live in the northeastern U.S. to start worrying about - the refineries that make our gasoline, diesel, heating oil, etc. are dropping like flies. In today's economy, these refineries... more ››
February 2, 2012
Why is GOP 'Drilling for Highways'?
Reps. Capps & Blumenauer, Politico
“When all you have is a hammer,” the old saying goes, “every problem looks like a nail.” These days, it seems the House toolbox is down to one tool. Because for all the energy choices available to America, every... more ››
February 1, 2012
The Great Arctic Oil Race Begins
Quirin Schiermeier, Nature Magazine
“The race is on for positions in the new oil provinces.” That starting-gun quote was fired last week by Tim Dodson, executive vice-president of the Norwegian oil and gas company Statoil. The ‘new oil provinces’ are in... more ››
January 27, 2012
Poland Green Lights Huge Fracking Efforts
John Daly, OilPrice.com
There is perhaps no more controversial energy source after nuclear than “hydraulic fracturing,” or “fracking,” of subterranean shale deposits containing pockets of natural gas. While the process can... more ››
January 26, 2012
Europe's Supergrid to Revolutionize Renewables?
J. Burgess, OilPrice
Europe is the world leader in renewable energy generation, but as with all renewable energy sources they face the problem of reliability. One way of overcoming this limitation and ensuring that power supply will be constant is... more ››