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Tag Archives: oil imports
Iran Threatens to Close Strait of Hormuz, Shut Off Oil Supply. Here We Go With Another Oil Crisis Caused by Despots?
The larger issue remains an amorphous U.S. strategy conducted and – alas – at times directed in Washington by big money interests that care not about the welfare of the United States or its citizens. U.S. energy policy going back to President Carter and the first OPEC oil embargo four decades ago has failed under one-term Carter and every successive President and Congress since – Democrat or Republican – to eliminate this security threat – as well as the corresponding national economic decline posed by oil imports and the resulting enormous transfer of U.S. wealth overseas. Continue reading
OPEC to Keep Oil Production Even. Prices Likely to Stay High as U.S. Economic Recovery Stalls and Unemployment Grows
OPEC’s decision to keep oil production levels constant is the latest setback for the stumbling U.S. economy. Since there has been no change in the way oil is produced or traded – as a fungible commodity – there is no reason speculators cannot keep oil prices moving up toward the record $147 a barrel that it hit in July of 2008. In fact, some analysts warn oil prices won’t stop there this time. Continue reading
U.S. Oil Imports Declining Since 2005 Peak. It’s Not All Good
There are several problems with the imported oil numbers since oil is mostly imported as crude, an unrefined product, but is consumed as a refined product. In between there is refinery gain – yes, gain – whereby more comes out of the process of splitting heavier oils into lighter ones. Continue reading
U.S. Vehicle Miles Traveled Rises in 2010. Still Below 2007 Peak
Preliminary estimates from the Federal Highway Administration show vehicle miles traveled (VMT) increased slightly in 2010 over the previous year. However VMT has not surpassed the peak of 3.03 trillion miles in 2007 when the economy was booming and gasoline was relatively inexpensive. Continue reading
Reducing Oil Imports – Assumptions in New Independence Plan
In 2008, America imported 11 million barrels of oil a day. By 2025 the U.S. will have cut that by one-third – about where we were in 1975, according to an energy independence plan outlined by President Obama yesterday. Continue reading
Posted in auto news, economy, environment, news analysis, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, blueprint for a secure energy future, coal, electricity, energy independence, Ken Zino, nuclear power, oil imports, president obama, u.s. energy policy, zino
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President Obama outlines Energy Independence Plan, Touting Alternative Fuels, “Safe” Nuclear Power, 33% cut in Oil Imports
The President ordered that 100% of federal fleet purchases by 2015 will be alternative fuel, hybrid or electric vehicles – in a taxpayer-fueled bonanza for some automakers. Continue reading
Gasoline Prices Rising. Another Roller Coaster Ride Underway?
At the end of December 2010 gasoline prices in the United States rose above $3 a gallon for the first time since October of 2008. The difference this time around is that in 2008 the pricing trend was downward, having … Continue reading
Posted in auto news, economy, transportation
Tagged auto informed, auto news, autoinformed.com, automotive news, carter, energy policy, gasoline prices, Ken Zino, oil, oil imports, opec, zino
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