| So how much do you spend of your income on Gasoline? |
| Written by Kai Schwandes | ||||||||
| Monday, 09 June 2008 | ||||||||
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"I would work with our friends in OPEC to convince them to open up the spigot, to increase the supply and I will use the capital that my administration will earn, with the Kuwaitis or the Saudis, and convince them to open up the spigot." "Ours is a nation that helped Kuwait and the Saudis, and you'd thinkwe'd have the capital necessary to convince them to increase the crude supplies."
Well Mr. Bush how is this promise going? Not so great I think. On May 16, 2008 the Associated Press reported this : "Saudi Arabia rebuffs Bush on oil production" The NY Times has a interesting interactive map on how Gasoline prises impacts you according to where you live and what you make. Well by now we know you do not keep promises or maybe you just do not know how the world really works. May that be as it is, the good news today is twofold: 1. As of today you have 225 days left as pretend Decider and 2. We may be close to Green Crude Production! According to Sapphire Energy we can have all the crude Oil in the world and no it is not your typical biofuel discussion. They claim the following formula: Sunlight + CO2 + Sapphire Energy = renewable gasoline. "The Problem: Without a doubt, we need fossil fuels. We’ve built the most successful economy in history around them. And our global appetite for petroleum continues to grow. In the United States alone, we consume nearly 40 quadrillion BTUs every year. (That’s 15 zeroes – a billion million.) The costs are astronomical: We spend over $200 billion on foreign oil every year. The impact on US jobs and the risk to national security is enormous. And that doesn’t even begin to contemplate the environmental impact of such relentless extraction. So what’s the answer? The world needs a radical new solution. Not fossil fuels. Not biodiesel . And not ethanol or any other crop- or sugar-based biofuels that have a direct impact on food prices, the destruction of cropland, fresh water reservoirs and the rain-forest. Picture a domestic economy built on completely renewable, carbon-neutral products produced directly from CO2 and sunlight, efficiently generating a new kind of crude oil from one of the world's oldest, most adaptable plants: algae." read more: "Researchers hope algae might help solve oil crisis" By Brian Maffly
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