Feed: Pumps - AggScore: 82.0

Hard to know what to think! A NYT blog called ‘Green Inc.’ writes that a study by IHS Cambridge Energy Research Associates released this week says oil supplies will continue growing for the next 20 years, and plateau for another 20 years after that. The report, called “The Future of Global Oil Supplies: Understanding the Building [...]

Some whistleblower at the IEA says it has been underplaying the oil shortage to avoid worldwide panic. Existing oilfields have been declining more than admitted, and new reserves have been exaggerated, and the US is totally in bed with this. Could be, but who’s afraid of annoying Uncle Sam? The mystery source says: “The IEA [...]

Nice article by Rachel Cernansky on ‘Planet Green’ about 10 places to find petroleum, and why it’s going to take more than driving hybrids to conserve on gas. #1. Chewing gum - uses petroleum-based polymers (we never knew this one). #2. Hair dye - you don’t want to know. #3. Asphalt #4. Crayons - uses [...]

Gas prices hit a new 2009 high last week. An average of $2.58/gal. Most conclude the weak $$ is to blame. Last we read, inventories were robust, but now the EIA says that oil & gas supplies have dropped. Even OPEC says that $80/barrel oil is a little too high given the fragile economy. It [...]

Chrysler is back. With partner Fiat, it will be launching 21 vehicles between 2010 and 2014. It’s got three new vehicles coming out in 2012 - a compact, sub-compact hatchback, and a sedan. And maybe a mid-size truck in 2011. Ralph Gilles, head of the Dodge brand, said risk taking will be in evidence in [...]