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Perhaps I was predisposed to accept this logic. My presentation on the Alternative Energy panel of the recent IHS Herold Pacesetters Energy Conference included a graph highlighting the ongoing compression of US petroleum gasoline demand between falling motor fuel consumption and ri...
The Government Accountability Office (GAO) recently issued its report assessing the impact of the production and use of biofuels in the US. Among its recommendations was a call for the Congress to reassess whether corn ethanol still needs the support of a $0.45 per gallon blenders' credi...
If you have a gut feeling that the subsidy per BOE of oil and gas would be much lower than for renewables, give yourself a gold star. The reason the incentives in question are lower is that the denominator is so large. When you add 2008 US domestic production of crude oil, natural gas, and natura...
The lessons for today's energy situation are worth contemplating. For example, ethanol has just experienced a boom and bust cycle that the early oil barons would readily understand. Over-investment in capacity still destroys margins, and distribution remains a serious constraint. Mo...
Higher oil prices due to a weaker dollar would not necessarily be beneficial for biofuels and other alternatives to oil, either. If we learned anything from the oil price spike of 2006-'08, it was that higher oil prices don't automatically make alternative energy more competitive. If onl...
There are many good reasons to invest in the alternative energy sources that would help mitigate a true Peak Oil crisis down the road, and that hold the seeds of eventually escaping from that threat entirely. The real mark of success for our various renewable energy, nuclear renaissance,...
There is also another way to look at this announcement. Exxon has been under enormous pressure to take a big stake in renewable energy. I vividly recall a Congressional hearing last year when committee chairman Ed Markey (D-Mass.) berated and belittled the Exxon representative for doing s...
I have to believe that Mr. Steiner would have written a somewhat different book, had he begun the project this year rather than last. I don't doubt that some of the outcomes he describes are waiting on the sidelines until the economy climbs out of its current trough, even if oil prices don't qu...
A new report by the Department of the Interior indicates a mean estimate of "undiscovered technically recoverable resources" under the US Outer Continental Shelf of 86 billion barrels of oil and a similar quantity of natural gas, including significant quantities off the Pacific coas...
At the end of the first full work week of the new year--a week I suspect I am not alone in having found a bit of a slog--a pair of articles in MIT's Technology Review got me thinking about the under-appreciated relationship between alternative energy and natural gas.