2:43 PM, Dec 16, 2014 • By GEOFFREY NORMAN
As if the plunging price of oil were not enough to doom the market for electric and hybrid automobiles, there is this from ABC News:
People who own all-electric cars where coal generates the power may think they are helping the environment. But a new study finds their vehicles actually make the air dirtier, worsening global warming. Ethanol isn't so green, either.
"It's kind of hard to beat gasoline" for public and environmental health, said study co-author Julian Marshall, an engineering professor at the University of Minnesota. "A lot of the technologies that we think of as being clean ... are not better than gasoline.”
There is, however, some good news for environmentalists in the oil glut. It may be the last nail in the coffin of the Keystone Pipeline. As Politico reports:
The same collapse in oil prices that is pumping dollars into motorists’ wallets also risks undermining the case for building the 1,179-mile pipeline in two crucial ways: It’s squeezing the western Canadian oil industry that has looked to Keystone as its most promising route to the Gulf Coast. And anti-pipeline activists hope that falling prices will make it politically safer for Obama to reject the project, despite the new Republican Congress’ pledges to put Keystone at the top of its 2015 energy agenda.
10:19 AM, Dec 10, 2014 • By GEOFFREY NORMAN
They had a good run, those oil rich countries that formed a cartel back in 1973 and called it OPEC.
2:29 PM, Dec 5, 2014 • By GEOFFREY NORMAN
Charles Lane speculates on just what collapsing oil prices will mean for Russia and Vladimir Putin’s grip on power. This depends, Lane writes:
12:00 AM, Oct 11, 2014 • By IRWIN M. STELZER
Anyone who doubts that the deployment of the technologies we have come to call fracking constitutes a revolution should consider this. U.S. oil production has soared by 70 percent in the past six years. American refineries have cut in half their imports from the OPEC cartel, setting off a scramble by those countries to find new markets.
2:04 PM, Oct 8, 2014 • By GEOFFREY NORMAN
Seems Canada is tired of waiting – and waiting – for a decision on the Keystone pipeline and has come up with an alternate plan for moving the oil to market.
5:42 PM, Jul 14, 2014 • By GEOFFREY NORMAN
Representative Peter Welch (Democrat, Vermont and, by the way, my representative) has announced that he is in favor of raising the tax on gasoline. He has a safe seat and, anyway, in Vermont it isn’t politically dangerous to propose a tax increase, especially if it can be somehow made into a positive for jobs and infrastructure and a negative for automobiles and oil companies. Vermont is eagerly anticipating the arrival of cars that are powered by wind.
Get them where they drive.9:24 AM, Jul 7, 2014 • By GEOFFREY NORMAN
Washington needs more money and if it doesn’t get it, your morning commute will become:
a) more expensive
5:02 PM, May 21, 2014 • By GEOFFREY NORMAN
It is an uncomfortable fact that several European countries depend on Russia for energy and the situation in Ukraine has jeopardized that arrangement.
10:40 AM, Apr 19, 2014 • By GEOFFREY NORMAN
The news that the administration would like kept quiet, and which it therefore announced in the afternoon, on Good Friday is that it has:
12:12 PM, Apr 2, 2014 • By STEPHEN SCHWARTZ
Travelling from Sarajevo, the capital of Bosnia-Herzegovina, to Mostar, a city almost midway toward Dubrovnik on the Adriatic Coast, one drives through a stunningly-beautiful landscape of mountains, forests, and rivers. On a recent trip, however, I observed a surprising sight: four gas stations owned by Gazprom, the Russian energy giant.
12:00 AM, Mar 29, 2014 • By IRWIN M. STELZER
America is a fracking cornucopia of crude oil, independent of the rapacious OPEC cartel. And has an inexhaustible supply of natural gas, putting us in a position to become a major exporter able to use its gas reserves as a geopolitical weapon. Take that, King Abdullah and Vladimir Putin. Too good to be true? You bet.
1:56 PM, Jan 31, 2014 • By GEOFFREY NORMAN
The State Department releases its final environmental report on the Keystone Pipeline today. Justin Sink of The Hill reports: