FactsPlusLogic
A Careful Look at Issues
RSS
ATOMThere is plenty of oil in offshore areas already leased to oil companies, so why don’t the oil companies just go get that oil rather than ask for new leases. The reason is that the current price of oil is not high enough to make it profitable.
The reason why the Americans, Europeans, Japanese and others who buy oil want the price of oil to go down is that their economies would benefit if it dropped. The Saudis, Mexicans, Norwegians, and others who produce oil would like the price of oil to rise, because their economies would benefit if it did. Clearly, it is not so much about the price as it is whether you are buying or selling, and most importantly, how much.
An Energy Conservation Quiz Problem
Fred arrives home and goes into his heated TV room. He switches on two lamps that consume 60 watts of electric power each. He switches on his wide-screen TV that draws 300 watts. The environment outside the room stays precisely the same, which is typical of quiz problem weather. … When the room stabilizes again, how much electric power will be flowing into the room, counting all the devices?
What Happens When the Wind Stops?
The two leading candidates for becoming major alternative energy sources are wind and solar. Both are subject to outages. The sun goes down at night and the wind sometimes fails to blow. So what do we do during the interruptions?
Exxon Chief Pockets $0.00012 Per Gallon
The broad claim is that oil prices are high in significant part because the money is pocketed by oil company executives. It isn’t just Nancy Pelosi and the Democrats who make the claim. Fox News’ Bill O’Reilly has been as outspoken as anyone about the huge payouts. So how much are we paying at the pump that goes to these rich guys?
