gas prices
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Lovins predicts the coming oil price crash won’t be like the last one
The world can always use another profile of Amory Lovins — here’s one in The Economist. (Check out the nuke boosters in comments — man, those guys are like spurned lovers. Let it go already.) My skepticism about Lovins’ rosy predictions is captured here: Fine, but what about the specific criticism that any coming oil-price […]
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Lowballing the future of oil costs money
At a glance, this San Francisco Chronicle article is a bit difficult to parse, but it points to exactly the reason why I’ve been ranting about lousy oil price forecasts churned out by federal U.S. agencies (see here, here, and here). To wit: The Environmental Protection Agency says another arm of the Bush administration may […]
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One farmer says ‘peak oil’ prompted energy-saving steps
Admit it, climate change is the kind of problem that leaves you wondering, “What the heck can any one person do about it?” That’s exactly how Patrick Holden said he felt about it during the “Climate Change and Food” panel discussion last week at the Slow Food Nation conference in San Francisco. Holden has been […]
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Short-term dip in oil prices will not offset long-term increases
A: “Who knows?” and “It doesn’t really matter.” Much higher gasoline prices that are sustained for a long, long time are now inevitable. The fundamentals in the oil market are that we are in the beginning stages of peak oil. Supply can no longer keep up with demand, which keeps soaring even in the face […]
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No schadenfreude over the death of SUVs
You know your product is in trouble when the housing analogies come out: The market for sport utility vehicles is starting to look a lot like the housing market, spreading pain to consumers, automakers and dealers … I am not sure this post qualifies as schadenfreude — since that has been defined as “largely unanticipated […]
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Demand destruction is driving prices down, but is that a good thing?
As Joe says, Americans are driving less: "Americans drove 53.2 billion fewer miles November through June than they did over the same eight-month period a year ago…" Consequently, demand for oil is down to a five-year low, according to the American Petroleum Institute. Not hard to figure out what’s going on here — as Matt […]
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