Archive for April 11th, 2010

Double dipping: $100 oil inevitable next year
How high can oil prices go before the economy takes a hit?$5.00 gas not that far off?

With oil touching $87 per barrel this week, numerous forecasters are now predicting $100+ per barrel next year. Fortunately, most don’t believe that will derail the economic recovery, yet.

Still, as Lutz Kilian, a University of Michigan economist that studies oil shocks told the Financial Times, “You can’t have a global recovery without the oil price recovering as well.”

Ultimately, $100.00 oil is probably inevitable next year, and from there prices only trend higher. Unlike the last time oil hit $100.00 per barrel, thankfully, the US isn’t in a housing bubble. Still, how high can prices go before the economy takes a serious hit?


Visit the original post at: Transportation News

Changing how American fuels, one tank at a time
In January, American drivers displaced 784,000 barrels of foreign oil every day by using American-made ethanol fuel, the most renewable fuel ever used in America’s history. A big thanks to all Propel customers who contributed by choosing to fill their vehicles with renewable, homegrown Flex Fuel E85.
Together, we can change what we put in our tanks, [...]


Visit the original post at: Biofuel News

Economist Defends Ethanol Jobs Numbers

Economist Defends Ethanol Jobs Numbers

In a commentary on the Natural Resources Defense Council blog, the organization’s Director of Renewable Energy Policy Nathanael Greene criticizes the ethanol industry for what he calls a “highly inflated jobs study” released earlier this week. Greene claims the industry’s jobs numbers are “way off” because they use both inflated jobs multipliers and inflated economic impact, creating what he calls “wonky numbers.”

The author of the study, John Urbanchuk of Entrix, provided a detailed defense of his analysis in a comment on Greene’s post.

Defending the job multiplier, Urbanchuk writes, “Mr. Greene accuses me of using “inflated” jobs multipliers and suggests that “… a multiplier of 6 is aggressive. A multiplier of 3-4 is more realistic …” I used the RIMS II final demand employment multipliers for supplying industries calculated by the U.S. Bureau of Economic Analysis.”

Greene also accuses the ethanol industry of “magically creating thousands of corn growing jobs that would have existed anyway,” which Urbanchuk also defends.

“Our analysis estimates the number of jobs in the corn sector supported by ethanol and at risk if the VEETC is eliminated. The loss of 4 billion gallons of ethanol is the equivalent of 1.5 billion bushels of corn, or about 11% of total corn utilization. Mr. Greene assumes that if corn demand is reduced by lower ethanol production, corn growers will continue to plant and produce the same amount of corn regardless. Supply and demand, Mr. Greene … supply will adjust to lower demand … fewer acres and bushels translates to fewer jobs to plant, treat, harvest, transport corn … not to mention to provide all of the ancillary tasks on the farm. Moreover, during the whole international land use change debate the environmental community said if we weren’t growing corn for ethanol, all that land would “revert to nature.” It now appears that the claim is that if we weren’t growing corn for ethanol, we’d be growing the same amount anyway for some other else. In other words and to parody a famous movie “if you grow it, they will buy it”! You can’t have it both ways.”

Read Greene’s entire post and Urbanchuk’s response here.


Visit the original post at: Biofuel News

Billions and Billions of 3D Glasses: Will Biodegradable Frames Discourage Reuse?
old 3D glasses photo
Paper or plastic? Old school 3D glasses. Photo by Hacky via Flickr

It is estimated that if the 42.1 million pairs of 3D glasses used at theaters to watch Avatar were laid end-to-end, they would stretch more than 3,987 miles. Avatar and Alice in Wonderland each required more than 10 million pairs of 3D glasses to be shipped around the globe, resulting in emissions comparable to burning 50,000 gallons of gasoline or 917 barrels of oil. These aren’t the old flimsy cardboard vari… Read the full story on TreeHugger
Visit the original post at: TreeHugger