Fossil fuels
February 12th, 2008 at 04:52pm
Under Crude oil+ Fossil fuels+ Fuel Oil+ Fuel Prices+ Oil Price 2008+ bio ethanol+ energy prices
As the world knows, the prices of crude oil are jumping up fast, and show no signs of slowing down. The same price effect is seen with the fuel prices for gasoline and diesel. The average fuel price for a gallon gasoline in the US is now over $3.00 and Americans are getting used to the fact that “Buying a Car is much easier than Keeping it Rolling”. Car owner costs are increasing lately by raising concerns about the insurance/banking sector and the sharp raise of crude oil prices.
As gasoline prices has jumped above $3 several times lately it made me think “Will we get used to gas prices going over $4.00 or $7.00 or even higher?? Many experts are saying other fuel sorts like bio-ethanol will take over this market, but these new energy products don’t show signs of taking over the market any time soon as it isn’t even publicly available yet. And even if new energy products like bio ethanol, wind energy, solar and others take over, it will take awhile… at least 15-20 years according the international energy advisory board. Still at the demand side for crude oil there are absolutely no signs of slowing down.
A recent crude oil and fuel study showed that the entire world is consuming oil at a rate of more than 1,000 barrels per second, including all kinds off crude oil products. According to the International Energy Agency, global oil demand will increase to an average of 87.8 million barrels per day though out 2008.
Can we seriously find an alternative for our “extreme addiction” for crude oil as George W. Bush calles it. We must find out soon, before it’s too late. What’s your opinion?
Check the fuel prices graphs for Gasoline and Diesel fuel prices.
By Oilism.com
October 26th, 2007 at 04:41pm
Under Crude oil+ Fossil fuels+ Fuel Oil+ Oil+ bio ethanol+ energy prices+ peak oil
Human-beings are for their development dependent on their energy reserves. More energy means a more rapidly and sophisticated a society. Energy is everything, literal. The current society depends almost entirely on oil and gas. The industrial revolution was fed by fossile fuels. In former days in the form of coals, nowadays in the form of oil and gas. Almost every aspect of our daily life is made with, or gets energy by, fossil fuels. It stipulates our manner of life, our look on the world, how we live and where we live.
Industries are entirely depending on their energy supplies like oil and gas so suppliers can use our need for energy for political aims by threatening to stop energy supplies. A recent example of this is Russia, which uses gas as a political power against neighbors like Georgia, Ukraine and Belarus.
Too conservative
The volume of the worldwide oil stock reserve is difficult to calculate. Optimists and pessimists continue contradict each other in this. Some countries also benefit by underestimating or over-estimating their oil reserves. Although the world wide oil supply reserves are annually reported in the “Oil and gas Journal“ but these quantity figures are impossible to independently check.. Furthermore it is not possible to tell how much oil will be found in the near and far future. According to some scientists half of the totally valued quantity of oil on earth has been pumped and refined already. According to optimists it still lasts decades before we will reach the point of “peak oil” and then what?
Because of the development of advanced technology oil will be will pumped for quite a while. Even sources which were formerly considered as exhausted can be obtained in the future in a cost-effective way. Up to at the beginning of the next century.
It is certain, that the demand for oil will only continue to increase. New emerging markets and economies, such as China and India, and the increasing world population will ask for more and more energy. If the pessimists are right and we reach the moment of peak oil shortly, the supply of oil will become less every year. The impact is serious, because every aspect of our life is influenced as a result of it. We must reconsider our world energy regime to be not too much dependent of other countries for our energy, on the other side to limit CO2-emissions.
By Oilism.com
October 25th, 2007 at 03:36pm
Under Crude oil+ Fossil fuels+ Fuel Oil+ bio ethanol+ energy prices
According to a recent publication the oil-producing countries, further OPEC, is becoming more nervous about the rise on Bio-ethanol products, in spite of that the impact is as yet limited for now. The fear of the oil-producing countries OPEC is remarkable. The influence of Bio-ethanol is still very limited, as it happens, – and that remains provisionally this way, according to the international Energy Agency (IEA) in its World Energy report.
The produced quantity of crude oil increases, however, the share of Bio-ethanol fuel amounts in 2030, still no longer than seven percent. The risks according to the Opec is motivated by the split in which the trust finds oneself. In one hand the Oil producers and refiners are asked to produce as much oil as possible to satisfy to the enormous energy question, on the other hand especially the west tries to reduce the dependence of the same OPEC by giving full commitment on green diesel and petrol. Those who must fear most of all for the up rise of bio energy are the poorest people in the world: they see the price of food sharply increasing because for example wheat disappears more and more as fuel in the tank of cars.
By Oilism.com