Saturday, Sep 28th
Last update06:55:34 AM GMT
Energy Glance
Oil prices extended their steep losses Tuesday, tumbling below $92 a barrel as a worsening economy suggested U.S. energy demand will keep falling despite crude's return to year-ago levels.
Gas prices edged higher at the pump, topping $3.85 a gallon amid the aftermath of Hurricane Ike. However, given crude's continuing slide, retail gas was expected to turn lower within a few weeks.
In a windowless workshop near the county landfill, a small Raleigh company has spent the past year trying to solve the nation's energy crisis one car at a time.
The result: A car that breaks a once-unimaginable fuel efficiency barrier and delivers 100 miles per gallon. The spare battery costs less than 75 cents to charge and gives the plug-in Prius about a 35-mile range solely on electric power, making gasoline optional on short commutes. Retrofitting Priuses has become a full-time occupation for the Advanced Vehicle Research Center.
More vehicles run on natural gas in Argentina than anywhere else in the world, and that success is attracting a burst of interest from the U.S., where a big push is under way to convert buses, taxis and cars to natural gas.
Representatives of American companies are flocking to Argentina to buy natural-gas compressors, conversion kits and fuel tanks to sell in the U.S., said Alessandro Carlo, president of Tomasetto Achille, a major Argentine maker of these products, based in Buenos Aires.
With oil prices off nearly 30 percent from their highs of almost $150 a barrel, OPEC oil ministers are considering what was unthinkable just a few weeks ago — cutting back output to prop up the price of crude.
Oil ministers insisted there was adequate supply to meet demand, and blamed speculators and a weak U.S. dollar for crude's stellar rise.
In a forecast last month, OPEC predicted that the world's forecast appetite for oil for this year overall will have fallen by 30,000 barrels a day and noted that world demand growth next year will be "the lowest since 2002."
TVNL Comment: The US criminal establishment media keep lying to you and telling you that demand has been an issue. They want you to think that drilling in Alaska will solve our problems. All along oil executives and OPEC chiefs have been saying that supply is not the problem. Yet our enemies in the media never tell you this.
If ever there was a car made for the times, this would seem to be it: a sporty subcompact that seats five, offers a navigation system, and gets a whopping 65 miles to the gallon. Oh yes, and the car is made by Ford Motor, known widely for lumbering gas hogs.
Ford's 2009 Fiesta ECOnetic goes on sale in November. But here's the catch: Despite the car's potential to transform Ford's image and help it compete with Toyota Motor (TM) and Honda Motor (HMC) in its home market, the company will sell the little fuel sipper only in Europe. "We know it's an awesome vehicle," says Ford America President Mark Fields. "But there are business reasons why we can't sell it in the U.S."
A man by the name of Stefan Nystrom invented a way to generate energy from ocean waves that he claims would cost 5% of what coal energy does.
In his last call, he asked me to make his technology public. So, here below is a description of his technology. Would people please pass it on and would as many people, in a tribute to a man who has probably been killed by mercenaries hired by the oil industry, and make sure that prototypes are developed.
Brazilian President Luiz Inacio Lula da Silva said Thursday that the recently discovered pre-salt layer oil fields are a national asset, which will benefit all the Brazilians.
"Brazil is not to be a mega exporter of crude oil," said the president, "instead, we want to build a strong oil industry in Brazil to add value to our oil and export the byproducts."
"We should not forget that everyone in Brazil is to be benefited ...I want to invest a part of the pre-salt layer oil fields' revenue in education," Lula said.
According to Brazil's constitution, the oil reserves belong to the whole nation.
TVNL Comment: You never heard an American speak this way. That is real patriotism, not the fake patriotism that exists here!
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