Alltop, all the top stories
August 11, 2009

Oil From Here

 

IEA says oil at a prolonged $70/barrel or more will hurt the global economic recovery.

U.S. light crude for September delivery was trading at $70.80 a barrel at 1000 GMT on Tuesday.

“If the prices go much higher than today I think that would be a problem for the economic recovery; $70 and above, especially for oil importing countries,” International Energy Agency (IEA) Chief Economist Fatih Birol said.

***

BoA Merrill Lynch analyst Francisco Blanch sees no change in OPEC output.

“OPEC probably stays put and that continues to keep upward pressure on prices,” Blanch said in a Bloomberg Television interview today. “Certainly no more production cuts at this stage, no more are necessary.”

***

T. Boone Pickens sees oil up to $75/barrel this year, $85 next.

“I’m long oil,” said Pickens in an interview on the sidelines of U.S. Senate Majority Leader and Nevada Democrat Harry Reid’s National Clean Energy Summit, a meeting of industry leaders and policy makers

The Texas wind power biz just needs a little $$ to get off the ground.

Filed under:Alternative Energy,Fuel cost,Fuel Price Trends,Gas price,Price Shocks | by Pump Girl @ 12:43 pm | 

August 10, 2009

Pump Girl Is Back At The Keyboard

 

And it feels like we’ve never been gone!!

Get ready to open your wallet for that last trip of the summer season. Crude prices jumped $10/barrel translating to something like an increase of $0.10/gal at the pump.

***

Tesla Motors, the electric car manufacturer, turned profitable in July. Sales of its Roadster 2 sports car rose dramatically, and manufacturing costs came down.

“There is strong demand for a car that is unique in offering high performance with a clean conscience,” said Tesla Chief Executive Elon Musk, in a prepared statement. “Customers know that in buying the Roadster they are helping fund development of our mass market electric cars.”

The Roadster gets 244 miles to the charge.

***

A little ray of sunshine from Goldman Sachs (NOT!). Analysts expect commodity prices to spike higher next year just like 2008. They see another possible $150/barrel price for oil. Supply shortages due to underinvestment and increased consumption to blame.

Filed under:Alternative Energy,Daily News Post,Fuel cost,Fuel Price Trends,Fumes,Gas price | by Pump Girl @ 3:13 pm | 

May 26, 2009

All About Hybrids

 

Public Radio’s wonderful show, Car Talk has just launched a special “Hybrid Zone” on its website.

We got all kinds of valuable info, such as:
All about hybrids
How they work
The different kinds of hybrids

Even found the answer to which hybrid is right for us in the FAQs. Also found out that bigger is not better as far as engine size goes. Give us a small carbon footprint, please.

Tom and Ray’s weird car humor is nor for everybody, but they do know their stuff.

Filed under:Alternative Energy,Energy,Vehicle News | by Pump Girl @ 7:13 pm | 

May 25, 2009

Is There A Gas Tax In Our Future?

 

Henry Blodget’s crystal ball says there should be.

How to get people to conserve fossil fuel and move toward renewable energy?

With, among other things, a gas tax.

Not a flat-rate gas tax. A floating-rate one…that would adjust to the price of oil (and help minimize price spikes).

And not now, because it would be another hammer blow to the economy. In a few years, so people and industries have enough time to adjust.

So maybe not tomorrow, but 2012 could do it, and so would $5/gal gas.

Filed under:Alternative Energy,Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 10:44 am | 

May 6, 2009

Ford Converts Truck Factory to Electric Car Mfg

 

Ford pland to spend $550 million to convert a truck factory to manufacture Ford Focus next year, and an electric version in 2011.

Sure it has some tax incentives ($160 million).

Now start adjusting your mind set to electric Focus. Be first in line in 2011.

Filed under:Alternative Energy,Energy,Fuel Price Trends,Vehicle News | by Pump Girl @ 12:03 pm |