Wed 24 Sep 2008
Energy news is picking up. With all that’s going on, I wanted a forum to talk about the latest trends in one key editorial. This is that editorial summarizing the top issues of fourth quarter fiscal year 2008.
1. Economics, economics, economics. When the hurricane hit Houston, most Americans figured the price of gas would go up. And it did, but only a few pennies near the gulf. Now it’s simmering down along with the rest of the global stock markets. Do you remember when a barrel was just $8? That was only twenty years ago. Commodities have a habit of being a little volatile, but almost $150 a barrel was ridiculous. Whether you blame questionable accounting, warmongers in the Middle East, or money-grubbing CEOs, it’s without a doubt we watch (and bid) on crude. Does anyone really see an end to paying this much for a tank?
Which leads to our next trend…a method to prevent those gas prices from affecting the state of our emotions…
2. Advancement in technologies and marketing in electric and hydrogen vehicles escalated. We’ve fully been aware of the upcoming Chevy Volt. But another hurting American company, Chrysler, has finally introduced its plans to integrate three, count them three, electric models into the American market beginning with the first in 2010. Electric seems to be the choice of Americans with vehicle-foresight. Hybrids was a way of the past…a passing phase to assist in the transition of emission-less transportation. And now we see the second and third order effects of ethanol, so hybrid comes to mean an electric/gas vehicle instead of an ethanol/gas vehicle.
3. I nominate remote drilling as our third major trend this quarter. With the announcement of the Republican Vice Presidential candidate and her ties and support to extensive Alaskan drilling, the choice is clear. It compares nicely with the oil ties of our current war. But how far back does this idea of energy independence go? My best guess is the 1920s (reference the Teapot Dome scandals). Why would we even ponder the idea of scraping the bottom of the oil barrel in remote, hard-to-reach places if foreign oil dependence was never a fear? (If you have a better guess, leave a comment).
Thankfully these electric cars and visions of Alaskan drilling come simultaneously (at least, well, now). And maybe the bubble was due a burst. As we wait to see the end result (ie a blissful emission-free chewy center), we look for interim solutions with a seemingly trial and error status quo.








