Apparently $4 is powerful
Attribution: Sugar Mountain Farms
This morning there are reports that US drivers logged 4.3% fewer miles driven in March than the same period a year ago, that amounts to 11 billion passenger miles. With the average price of gasoline creeping toward $4 a gallon, perhaps the pain is sufficient to cause drivers to reconsider their behaviors, something education and mass transit incentives have failed to do over the past few decades. This is the largest drop in mileage since 1942.
This begs the question: When will pain at the pump start to push non-fossil fuel alternatives to the forefront and which will ultimately win?
Our bet is on electric vehicles with hybrids as a bridge. The reason is the infrastructure exists, one can imagine their parents/grandparents managing to plug-in a vehicle (imagine them managing a hydrogen or massive pressure compressed air fill up…) and biofuels are a bridge, but not an answer yet as the feedstock is expensive and in competition with food.
The outcome will be interesting to see.
American economy in crises – a long time coming
When a country and its society import more than they export for over a quarter of a century, it is bound to erod the economy to its primate state.
We have only ourselves to blame, what goods and products are we exporting, what goods and services are produced in the USA, the answer is very little by comparison.
In the past 50 years as our population has increased, technology advanced, we have become a nation that consumes enormous amounts of resources, we shop for competitive prices. Corporate America is constantly looking to increase the bottom line.
Most of the goods for and by Americans and its companies are produced overseas and in the past decade with the advancement of telecommunications, many of the services sector are also imported.
The increased costs of energy over the past 10 years, has affected the economy to unimaginable comprehension.
This economic activity has eroded our economy to its core. It seems that the situation is getting worse every year. American debts are increasing beyond our wildest dreams, endangering the future economic vitality of our future generation.
I hope it is not too late for our society to recognize the graveness of our economic predicament and its resolve to take appropriate action to stem the tide of our economic downturn.
Americans are a nation of great technology and knowhow. We must utilize that technology and our resources to find new means to regain our economic independence.
We must face and implement fiscal responsibility, both by the government and the population with its infrastructure of corporate America.
It is no longer an option, it is a must if we as a nation want to survive and retain our way of life and economic vitality.
Inflation, recession and financial crises are here. Let us take the bull by the horn, initiate immediate actions to minimize and hopefully reverse our economic crises.
Jay Draiman, Northridge, CA.
PS
The US economy has enormous momentum. Metaphorically speaking, if someone turned off the locomotive that drives the US economy, the economy would go on for miles before anyone would likely notice something was wrong. But something has been wrong for many years. Is there really hope for the future? Maybe. But the terrible truth is that no one really knows. But if there is hope, we’re already on the wrong track. And that has to change..
Our war for energy independence and economic sustainability
The US government and other governments are not serious about energy efficiency and renewable energy development and implementation – they are too busy playing politics and capitulating to the Oil Companies.
IT is time to get series to avert an economic catastrophe – I hope it is not too late
The world needs to invest $50 trillion in energy in coming decades, building some 1,400 nuclear power plants and vastly expanding wind power, solar power, geothermal energy in order to halve greenhouse gas emissions by 2050, according to an energy study released Friday.
The report by the Paris-based International Energy Agency envisions an “energy revolution” that would greatly reduce the world’s dependence on fossil fuels while maintaining steady economic growth.
“Meeting this target of 50 percent cut in emissions and replacing fossil fuel represents a formidable challenge, and we would require immediate policy action and technological transition on an unprecedented scale,” IEA Executive Director Nobuo Tanaka said.
The scenario for deeper cuts would require massive investment in energy technology development and deployment, a wide-ranging campaign to dramatically increase energy efficiency, and a wholesale shift to renewable sources of energy.
Assuming an average 3.4 percent global economic growth over the 2010-2050 period, governments and the private sector would have to make additional investments of $50 trillion in energy, or 1.2 percent of the world’s gross domestic product, the report said.
That would be an investment more than three times the current size of the entire U.S. economy.
In addition, the world would have to construct 38 new nuclear power plants each year, and wind-power turbines would have to be increased by 18,000 units annually, solar energy output would have to be increased 20 fold every year.
Let us not forget as we are increasing the use of renewable energy and energy efficiency – the world population is increasing – the demand for energy by advancement in technology worldwide is also increasing. We have to take these factors into account.
Oil is going to hit at least $200 per barrel, gasoline at the pump will hit $6 or more per gallon, in some countries it is already $10 per gallon.
Most of the money would be in the commercialization of energy technologies developed by governments and the private sector.
“If industry is convinced there will be policy for serious, actions for accelerated development of renewable energy and efficiency, then these investments will be made by the private sector.”
People are hurting financially and economically, this must end, we should strive for a thriving economy with new technology for renewable energy and efficiency.
We have the technology and knowhow let us stop playing politics – unite our people and our nation in a common goal to avert an economic disaster and maintain our quality of life for generations to come.
Let us serve as an example to the rest of the world.
Jay Draiman, Energy Analyst – June 6, 2008
Should The US government bail out American corporations?
Does corporate America share its profits with the tax payers? The answer is absolutely not.
Do they share the profits with the tax payers? The executives are paid millions.
The US Government should bail out all corporations large and small is that right? The answer is no. If it is a viable business, they can raise the money from investors, if not, let them close shop.
If the government decides to bail them out if should be at a cost (like shares in the company) where the government will make money and have a say in running the company. Even better have a public referendum where the voters decide.
Carmakers want money from the government; the financial institutions want money – where does it stop.
It is about time corporate America should learn they have to stand on their own feet. Where is corporate America financial responsibility?
They claim the government is abusing its financial responsibility; it seems Corporate America is no better. They also go to their workers to take a pay cut, is that fair? It seems the little guys are the ones that always pay the price for corporate financial abuse and miss-management.
Other corporations in the world are not asking to be bailed out – they go out of business.
Jay Draiman
PS
The corporate barracudas have no conscience they will step on anyone, stab anyone in the back and fudge the numbers to climb up the corporate ladder and receive the hefty bonuses.
As family values have declined in the last half a century so has corporate integrity and honesty, it seems that corporate America will do almost anything for the buck ($) no holes barred.
What a shame that corporate America has sunk so low.
The government is no different, honesty and integrity is a foreign language, they only serve the special interest groups. (We all know why).
What happened to the American people who placed their trust in the government? (The public officials they voted for).
We are faced constantly with another corporate or governmental scandal of wrongdoing. When is the American public going to wake up and demand an honest government and honest corporate America? Americans wake up before it is too late.
Glad you enjoyed my photo of the ultra stretch hummer. It was quite the sight to see in person. One of those, wait a moment! Backup! Check it out!
Come see our latest projects at Sugar Mountain Farm including building an on-farm butcher shop that will save a lot of energy. Read the article to find out why in many ways.