Energy Crisis

Information you need to know

Rising gas prices: Why?
The president says part of the answer is greater domestic production, and he is criticizing opposition Democrats for not allowing companies to drill for oil in the Alaska National Wildlife Refuge. He also wants more offshore drilling, more nuclear power and more U.S. refineries. Higher energy costs are partly responsible for America's economic slowdown with record high oil prices and gasoline past $4 a gallon.

IMHO: Time has come for these options. It is now beyond the cost of gas. The cost of EVERYTHING has risen. All it is going to take is a hurricane this summer (2008) to hit the Texas Gulf coast, and America will collapse! 

Fight for Your Rights

The Bureau of Consumer Protection works to protect consumers against unfair, deceptive, or fraudulent practices in the marketplace. The Bureau conducts investigations, sues companies and people who violate the law, develops rules to protect consumers, and educates consumers and businesses about their rights and responsibilities. The Bureau also collects complaints about consumer fraud and identity theft and makes them available to law enforcement agencies across the country. Source

	We will raise production when the market justifies it.	Renewable energy Biofuels Biomass Geothermal Hydro power Solar power Tidal power Wave power Wind power
ALI AL-NAIMI Saudi Arabia's minister of petroleum and mineral resources, after the country rebuffed President Bush's request to immediately pump more oil to lower record prices	Oil price increases since 2003 - Cause: increasing demand from the U.S and China, the falling state of the U.S. dollar, and stagnation of production due to the U.S. occupation of Iraq. Iraq is #3 in the world (after Saudi Arabia and Iran) for its conventional oil reserves. However some observers have stated the global oil production peak occurred in December 2005. Most interpretations of Hubbert peak theory predict large increases in oil prices as a result of oil production reaching a peak and then starting an irreversible decline; if this is correct, then the peaking of oil production could be viewed as the fundamental cause of oil price increases since 2003, with other factors such as the Iraq war having more influence on the timing of the price increases rather than their ultimate severity (i.e., if the war delays some production by Iraq for a few years, this could cause peak oil to occur somewhat sooner, but if Iraq's recoverable oil reaches the market eventually, the world's post-peak production decline will not be as abrupt as it might have been if Iraq had produced flat out. Thus to a peak oil theorist, the Iraq war could actually be seen as partly mitigating the oil peak that would have occurred anyway). Media accounts of oil price increases occasionally cite various factors as "causes," suggesting a greater level of understanding and agreement than actually exists among experts about the state of the exceedingly complex petroleum industry. Source: Wikipedia

What will Americans do when the gas,food,energy become too expensive?

Future and alternative sources of energy

In response to the petroleum crisis, the principles of green energy and sustainable living movements gain popularity. This has led to increasing interest in alternate power/fuel research such as fuel cell technology, liquid nitrogen economy, hydrogen fuel, biomethanol, biodiesel, Karrick process, solar energy, geothermal energy, tidal energy, wave power, and wind energy, and fusion power.

To date, only hydroelectricity and nuclear power have been significant alternatives to fossil fuel. Hydrogen gas is currently produced at a net energy loss from natural gas, which is also experiencing declining production in North America and elsewhere. When not produced from natural gas, hydrogen still needs another source of energy to create it, also at a loss during the process. This has led to hydrogen being regarded as a 'carrier' of energy, like electricity, rather than a 'source'. The unproven dehydrogenating process has also been suggested for the use water as an energy source.

Efficiency mechanisms such as Negawatt power can encourage significantly more effective use of current generating capacity. It is a term used to describe the trading of increased efficiency, using consumption efficiency to increase available market supply rather than by increasing plant generation capacity. As such, it is a demand-side as opposed to a supply-side measure.

Iraq's oil fields open to bidders

June 30, 2008: 2:18 PM EDT, CNN

BAGHDAD, Iraq (CNN) -- Iraq's oil minister Monday opened international bidding on six oil fields that could increase the country's oil production by 1.5 million barrels per day.

The companies that will be allowed to compete in the open bidding for long-term contracts, which would be under a similar revenue format, are:

1. Anadarko Iraq Company, USA

2. BG International, UK

3. BHP Billiton Petroleum Pty Ltd., Australia

4. B.P., UK

5. Chevron Iraq Ltd., USA

6. CNOOC China Ltd, China

7. CNPC, China

8. Conoco Phillips, USA

9. Edison International SPA, Italy

10. ENI, Italy

11. Exxonmobil, USA

12. Hess Corporation, USA

13. Inpex Holding, Japan

14. Japex, Japan

15. JSC Gazprom Neft, Russia

16. Kogas, Korea

17. Lukoil, Russia

18. Maersk, Denmark

19. Marthon International Petroleum Limited, USA

20. Mitsubishi Corporation, Japan

21. Nexen Inc. (International Oil & Gas Nexen Inc.), Canada

22. Nippon Oil, Japan

23. Occidental Petroleum, USA

24. ONGC, India

25. Petronas, Malaysia

26. Pertamina, Indonesia

27. Premier, UK

28. Repsol, Spain

29. Shell Iraq, Netherlands

30. Sinochem, China

31. Sinopic Group, China

32. Statoil Hydro, Norway

33. Total, France

34. Wintershall Basf Group, Germany

35. Woodside, Australia