Monday, April 18, 2011

Disasters and Oil Prices

     Unfortunately, our world is continually faced with turmoil and natural disasters.  Beyond the confines of the heart ache that is felt by the victims, we read or see the anguish.  Our hearts go out to Victims of Katrina, the tsunami in Somalia, the brutality in Libya and, most recently, the tsunami in Japan.  Our great nation is always on call to lend aid and offer hope.  We donate time, money and prayers to those less fortunate than ourselves.  And most importantly are the men and women of our military and their families who continually give beyond belief.

     Beyond our hearts, these catastrophes affect our pocket book.   Libya is the 17th or 18th (depends who you listen to) largest producer of oil.  We import around 5% of our oil from Libya so one could surmise it would affect our cost of gas and oil.  The real culprit however is the oil speculation.  I encourage you to link to   for a broader understanding of this villainous cause of high energy pricing.  I encourage you to contact your representatives ( and offer your opinion. 

     According to the Department of Energy …. the facts are our demand for 2011 is the lowest it’s been in the last three years and is forecasted to remain below through 2017.  In addition, our oil supply is the highest it has been in the last three years and is forecasted to be even higher in 2012!  .  And yet …. the price continues to rise.  You don’t need a degree in economics to realize these high prices are not a supply and demand issue … they’re a regulatory issue.

A quick comment regarding Japan and nuclear energy: 

     Some of you may remember the reporting of the nuclear catastrophe related to Three Mile Island.  My sister from California begged my family to move away to escape the radiation fall out.  The fact is no deaths were reported and today, reports suggest there has been no increased cancer deaths associated with that incident.  Cherynoble produced 31 deaths and the World Health Organization suggests the long term effects may include up to 4,000 deaths.  The tsunami in Japan has taken an estimated 18,000 deaths.  It’s horrific but the media focuses on the nuclear issue moreso than the effect of the tsunami.  My point is, natural disasters and conflicts have taken more lives than nuclear accidents by far.  The effect of coal emissions take far more lives each year than nuclear accidents.  I only hope this latest accident won’t curtail a proven method of providing clean energy around the world.  Green technology, ethanol, solar or wind power are fun projects, but their technology is far off from replacing our dependency of carbon fuels.  Nuclear energy and conservation are the real short term solutions.

     I hope you find this tidbit of energy news informative.  We have many ways to save you energy that can both make you feel green and save you green.  Contact us at 610.432.3424 or for more information.

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