gas price: Oil below $47 a barrel
- 12/02/08 09:21 AM
In the midst of all the gloomy financial news, there is some good news, and that's the huge drop in the price of oil over the last 6 months. In June of this year I blogged about the daily increase in the price of gas, to the point where it was over $147 a barrel and over $5 a gallon in certain parts of Los Angeles. Today, oil was at a 3-1/2 year low. Part of the reason for the continued slump in oil prices is the negative economic outlook as well as the fact that oil inventories have spiked higher … (10 comments)
gas price: The Emperors New Clothes - and saying what needs to be said
- 09/02/08 02:36 AM
I recently posted a series of Blogs about politics and the candidates running in the National Elections in November this year. A fellow ActiveRainer commented, saying "No more politics". On the one hand, we're all exhausted by the constant barrage of political news, advertisements, arguements and debates - and we want to take a few steps back and close out eyes and ears to all the dissent and animosity. But unless we, "the people", stay involved with what is going on, we do not deserve the right to participate and comment about what is happening to our country. It's the responsibility of each and … (22 comments)
gas price: Honda FXC Clarity - "The Zero-Emission Sedan of the Future - A Reality Today"
- 08/24/08 07:03 PM
While watching TV this evening I saw a commercial that really grabbed my attention - A new car that only emits water vapor into the air that we breathe. This sounded like some futuristic car so I went online and discovered that Honda has already started leasing this new vehicle, the Honda FXC Clarity - and a few owners have even taken delivery of their cars. Vehicles that use hydrogen with fuel cell technology are the cleanest around because they emit only water vapor into the air we breathe. These cars simply do not pollute. They can also use hydrogen from domestic energy sources, reducing … (8 comments)
gas price: Finally, oil drops $14 a barrel - Is the "Oil Bubble" about to burst?
- 07/17/08 07:01 AM
"Oil prices fell steeply Thursday, extending this week's decline to more than $14 a barrel, as natural gas prices tumbled and a report suggested that the United States may be establishing a diplomatic presence in Iran" - CNN Business News It appears that the US Government is finally taking concrete steps to communicate with Iran, the second-largest producing member of the Organization of Petroleum Exporting Countries. Press Reports indicate that the U.S. may announce a diplomatic interest section in Tehran (which would mark the first step to a permanent embassy) in less than a month. Accordingly, if the belief is that there will … (22 comments)
gas price: Looking for Cheap Gas? .... You must read this
- 06/23/08 09:17 AM
Take a look at this new "Widget" I discovered online. You can load it onto your website and it's a great resource for everyone to use.Take a look at this new "Widget" I discovered online. You can load it onto your website and it's a great resource for everyone to use. Change the variables such as ZIP, gas grade, readius and sort. I've tested it for my local area and it works. Try it yourself - it's pretty cool. … (13 comments)
gas price: Never overlook the obvious .....
- 06/20/08 06:13 AM
Something happened today that made me remember that we must "Never overlook the obvious". While filling up at the gas station today, I noticed a lady fidgeting around her new Mercedes Benz. Then the station supervisor joined her and they both seemed to be anxiously searching for something inside the car. My curiousity got the better of me so I went closer to see what was happening. Apparently the lady had just collected her new car and couldn't find the button inside the car to release the gas tank cover on the left side of the car (as in the pic above). … (18 comments)
gas price: Off-shore oil drilling, President Bush & Congress, and other oxy-morons ....
- 06/19/08 06:16 AM
Why is President Bush blaming the current Democratic-majority Congress for the non-starter status of the initiative for off-shore drilling for oil? The Democrats weren't the majority up until 2007. Why wasn't he pushing for off-shore drilling then ....? Now that the clock is ticking until his Presidency ends, has he suddenly woken up and decided to get something positive done for the country? He's sweating like crazy to promote some sort of legacy. Bush could have taken a bolder step by overturning a 10-year-old executive order that bans drilling off most U.S. shores. But he said he wouldn't do that because he wanted Congress … (39 comments)
gas price: The Oil Price Bubble ... and why it's different
- 06/14/08 02:03 PM
Today I read a great article written by one of the Chief Investment Strategists at Charles Schwab & Co (Liz Ann Sonders). Her perspective on the current run-up in oil prices was extremely interesting in that she compared it to the other two recent Bubbles; namely the Tech Stock Bubble of the 1990's and the Housing Bubble of the early 2000's. Sonders stated that "As the housing and tech bubbles were inflating, it was largely to the benefit of consumers, investors and the economy ... whereas those bubbles did their damage as they deflated. Conversely, the commodities mania is inflicting its damage on the way … (3 comments)
gas price: Stunning Prediction for Oil - $250 a Barrel by 2009
- 06/12/08 03:47 AM
Alexei Miller - CEO of the Russian oil company, the world's largest energy firm - Gazprom - told reporters at an event in France yesterday that he predicts oil will reach $250 a barrel by 2009. (CNN Money) Obviously he has a vested interest in seeing oil prices continue to spike upwards, but $250 a barrel seems incredible. I believe that such comments fuel further speculative activity in the oil markets and this becomes a self-fulfilling prophecy. The queation is: Is the Oil Market in a Bubble? If one believes that it really is, then the retreat could be sharp and quick making many traders … (2 comments)
Record Gas Price in West Hollywood / Beverly Hills / Los Angeles February 2008 - Bush on $4 a gallon gas: "I hadn't heard that."
June 6, 2008 - Premium gas reached $4.99 a gallon in West Hollywood / Los Angeles.
June 18, 2008 - Premium gas reached $5.05 a gallon today in West Hollywood / Los Angeles. June 20, 2008 - Premium gas reached $5.19 a gallon today in Beverly Hills / Los Angeles.
Where to next? We are in a crisis and yet our Federal and State Governments appear … (22 comments)
gas price: “Who Killed the Electric Car?” - and why?
- 05/30/08 08:21 AM
With Oil prices reaching all-time record highs and gas prices rising on a daily basis, it's worth taking a look at whether anything happened over the last decade that may have averted our current dilemma. Two significant factors come to mind: (1) The continued transfer of oil to the Strategic Oil Reserves despite rising prices; and (2) The concerted effort to stop the benefits of technological developments. (1) In 2002 Senator Carl Levin directed the staff of the subcommittee on Investigations to consider whether the Department of Energy's program to fill the Strategic Petroleum Reserve was increasing the price of crude … (18 comments)
In the midst of all the gloomy financial news, there is some good news, and that's the huge drop in the price of oil over the last 6 months. In June of this year I blogged about the daily increase in the price of gas, to the point where it was over $147 a barrel and over $5 a gallon in certain parts of Los Angeles. Today, oil was at a 3-1/2 year low.
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