Nov-15-2008 By Barbara Rae
Ever heard of the Bakken Formation?
The U.S. Geological Service issued a report in April (’08) that only scientists and oilmen knew was coming, but man was it big. It was a revised report (hadn’t been updated since ‘95) on how much oil was in this area of the western 2/3 of North Dakota; western South Dakota; and extreme eastern Montana … check THIS out:
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Nov-1-2008 By Barbara Rae
There is a new dealership in the town of Plymouth, Michigan. No, not a car or motorcycle dealership, but a retail store that specializes in battery powered electric bikes, scooters and mopeds. The new store is called eco-Wheelz.com.
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Jul-14-2008 By Barbara Rae
It’s shocking to hear coming from a billionaire oil man. There is no easy fix to the energy “emergency” we are in. T.Boone Pickens has set out to build an Army of Americans to fight for the cause of reducing our dependence on foreign oil. The 80 year old oil tycoon is lobbying for his energy plan, arguing that “This is one emergency that we can’t drill our way out of.”
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Jun-26-2008 By Barbara Rae
It’s not just at the gas pump- the price of everything is skyrocketing. Americans are hurting badly, while expecting our government to propose a plan of action NOW. Seems all they can do is argue and not accomplish much.
On the Democratic side of politics, they have been recreating a measure in the House to punish price gougers. The bill is aimed at curbing oil market speculation (futures trading), which is a contributing factor for the price we pay at the pump. Republicans are calling for expanded offshore drilling, which is gaining popularity with rising oil prices and gas at $4+ a gallon. However, energy experts and geologists have stated that it would take 5-10 years for ANY oil or natural gas to be produced even if the offshore drilling ban ended tomorrow.
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Jun-12-2008 By Barbara Rae
There is no doubt, soaring oil prices could trigger global economic troubles - if it hasn’t already. Add to that, Japan and the U.S. have announced higher unemployment rates recently.
A statement from the five top energy consumers - the U.S., Japan, China, India and South Korea, claimed that “high prices are a menace to the world economy.” They implied that the outrageous prices are against the better interests of both producers and consumers, and pose a “heavy burden” on developing nations. They agreed upon a solution, that more oil should be produced. Say WHAT? When are we going to get off of oil in this country? Whatever happened to Project Independence (1974), that has now become Project Dependence? What is behind this outrageous crisis?
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