Now it's water vapor, not CO2, causing global warming, at least that's the result of a new study in Europe to discover the cause of increasing temperatures on their continent. Water vapour rather than carbon dioxide in the atmosphere is the main reason why Europe's climate is warming, according to a new study. The scientists say that rising temperatures caused by … [Read more...]
Gas Taxes higher than Big Oil Profits
Just so you know who's really making the big bucks: … [Read more...]
Oil, lots of oil, let’s start digging
Don't sell your gasoline powered vehicles just yet, there's a barrel or two of oil still out there and as prices rise, more of those barrels will appear in the pipeline as new resources become profitable. I mentioned oil shale or tar sands before but if you never bothered to look into it, you really should. There are deposits, according to Syncrude, in Alberta, Canada, that are … [Read more...]
Gas price roller coaster, just smile.
Regular gas here is $2.31/gallon at the station I went by this morning and I know some places nearby are probably a little less. I already forget exactly what it rose to but it was well over $3.00 per gallon about a month ago. The market is a beautiful thing, supply goes up, demand goes down, prices fall. I recall the doomsayers seeing $3.00+ gasoline and predicting prices … [Read more...]
Ethanol Power and sugar subsidies
One of the many fuels bandied about as substitutes for gasoline is ethanol. In the U.S., corn is one of the major plant sources for this fuel, however, in Brazil, sugar cane is the plant stock used to ferment the fuel. In Brazil, a lot of cars are sold as flex fuel capable meaning they can run on gasoline or ethanol blends, some models are only available in flex fuel … [Read more...]
Sustainable Abiotic Oil vs Peak Oil
Got a tip from a friend of mine, (Thanks, Eric!), with some interesting info about synthetic oil. Along with that info was a link to the idea of abiotic oil. In all of the hoopla about oil reserves and peak oil and what comes next, I had never run across this idea before which is that oil is generated by natural processes in the earth's magma, not by deteriorating fossilized … [Read more...]
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