Clean Coal – The Only Viable Solution

The use of coal presents a real dilemma to the power industry. According to statistics compiled by the Energy Information Administration, it generates almost half of the electricity in the U.S., yet it is globally recognized as a primary contributor to global warming, the cause for acid rain and a general pollutant. Thus, elimination of coal as a primary source of fuel, though encouraged by many...

The “Cost” of “Cheap” Energy

Hidden Costs of Fossil Fuels There is no doubt that energy created from fossil fuels appears cheaper to the U.S. consumer than some of the alternate (renewable) forms of energy. However, studies continue to substantiate the view that there are “hidden” costs, estimated as high as $120 billion in 2005. Please refer to this outstanding article for a perspective on these seemingly...

Distributed Generation – A Solution or Challenge?

Solar Panels On-site or decentralized generation is commonly referred to as distributed generation. It supplies electricity from sources that are at or near the point of consumption rather than that from large, centralized sources such as utility-owned coal, natural gas, oil, or nuclear power plants. The majority of these distributed systems include: Renewable energy sources such as sunlight,...

A Coming Bear Market for U.S. Electricity Sales?

Economic forecasters and business professionals alike are increasingly alarmed by the broad weakness of the U.S. economic recovery.  Forecasters in many sectors frequently highlight the “lost decade” of the Japanese economy following that nation’s stock market and real estate crash of the early 1990’s, and they openly wonder about parallel patterns in the U.S. and about the implications...

Gasoline Consumption in the U.S.

Gas Consumption Begins at the Pump Petroleum is used in everything from medications to lubricants, partially explaining its high usage in the U.S.’s heavily driven consumer economy. According to the EIA, the U.S. consumes approximately 21 million barrels of oil daily, the majority of which is refined into gasoline. To put this in perspective the U.S. consumes more gasoline than South America,...

Pricing of Gasoline

Gas Prices at the Pump Fluctuate Daily Gasoline remains a primary commodity in U.S. consumers maintaining their current quality of life, to the point where severe price fluctuations have devastating impact to the American economy, the lifestyles of its people, and the politicians. The typical person observes and is impacted by these seemingly random changes in price, but has little, if any,...

Crude Oil Pricing

Oil Rig Crude Oil or petroleum, the “black stuff” that comes out of the ground, is made up of a variety of elements such as carbon, hydrogen and sulfur, and originates from the remains of plants and animals that existed in prehistoric ages. Hence, it is commonly referred to as fossil fuel. However, crude oil must be refined to produce energy, whether in the form of gasoline, kerosene or...

The Peak Oil Debate – Does it Matter?

Establishing the Context The theory of peak oil implies that there will be a time at which global oil production begins a permanent decline as a result of supply and economic production factors. Should world demand continue to increase (as it has), the point of peak oil will pose a significant supply and price problem for the world economy. The question we seek to explore is, “Have we reached...

Clean Coal Technology

Coal Powered Plant Even the most ardent anti-environmentalist will acknowledge that coal is among the dirtiest of all fossil fuels. It produces emissions that are believed to have some impact on climate change, create acid rain, and pollute water. Given the recent positive resurgence of interest in nuclear power, hydropower, and various forms of renewable energy sources, one might deduce that...

The Strategic Petroleum Reserve

 The Strategic Petroleum Reserve is a federally controlled oil stockpile, that was created in 1975 as a result of the 1973-1974 oil embargoes. Its purpose is to reduce U.S. vulnerability to any interruptions to the oil supply, regardless of whether they are initiated by one of its supplying OPEC nations or a natural disaster (e.g. Hurricane Katrina). Procedural Framework for Releasing...