Renewable energy company Agilyx Corporation has secured $22 million in Series B funding. Agilyx believes they are the first company to economically covert difficult recycle waste plastic into synthetic crude oil. The monies will be used to expand operations and accelerate the growth of their technology to market. The funding round was led by Kleiner Perkins Caufield & Byers and …
Are US Strategic Petroleum Reserves the Answer?
As gas prices continue to rise and in some areas across the country they are now over $4.00 a gallon, some are calling for oil to be released from the Strategic Petroleum Reserve (SPR) as a way to bring consumers relief. In fact, on average, gas prices are averaging 75 cents more per gallon than this week a year ago. …
Mid East Unrest and $100 Oil
As U.S. crude oil touches a $100 a barrel for the second time since October 2008, consumers are seeing gasoline prices rising at the pump and oil economists are talking about the real possibility of $4.00 and $5.00 gallons of gas. Four dollar gas is close – when I bought gas yesterday it was $3.79 a gallon. In a press …
CARB Tackling Crude Oil’s Carbon Intensity in LCFS
The California Air Resources Board (CARB) is getting ready to move forward with determining the carbon intensity of crude oil. On February 17, they are holding a Low Carbon Fuel Standard (LCFS) Crude Oil Screening Workgroup Meeting. For those following the LCFS debate, you’ll note that still under fire is CARB’s final ruling on the carbon intensity levels given for …
Book Review – The Frugal Superpower
This week I read the book “The Frugal Superpower,” by Michael Mandelbaum. For much of the beginning, I couldn’t quite figure out what this book had to do with energy. But I kept on going and was rewarded by some true insights as to other good reasons why reducing our dependence on Middle Eastern oil can help our country out …
Renewables In and Out of Obama Budget
There are renewable winners and losers in the FY2012 budget proposed this week by President Obama. Agriculture Secretary Tom Vilsack says the president has included funding in the budget “To promote the domestic production of renewable energy, we invest in renewable energy programs related to commercialization; research and development; education and outreach; and energy efficiency and conservation. We are also …
High Oil Prices Threaten To Topple Tipsy Economy
High oil prices threaten to topple a tipsy global economy that is still fragile and has yet to find stable ground according to the International Energy Agency (IEA) who issued a wakeup call to the world. The IEA recommends that high oil-consuming countries, such as the U.S., boost efforts to cut back on oil use. In response to these warnings, …
Book Review – Why We Hate The Oil Companies
Two, four, six, eight, who do we love to hate? The oil companies! Despite my story lead, I was not a cheerleader in another life but I couldn’t get that cheer out of my head while I read this week’s book, “Why We Hate The Oil Companies Straight Talk From An Energy Insider,” by John Hofmeister. I recently gave Mr. …
Book Review – The Impending World Energy Mess
With only two days left in 2010, I thought “The Impending World Energy Mess” was only fitting for review as we head into 2011. It is also fitting for another reason, it ties nicely into the story I brought you earlier this week, $5 Gas Prices on the Horizon. The authors, Dr. Robert L Hirsch, Dr. Roger H. Bezdek, and …
$5 Gas Prices On the Horizon
According to former president of Shell Oil, John Hofmeister, Americans will be paying $5 per gallon for gas by 2012 due to growing demand for oil, tighter supplies and inadequate responses by the U.S. government. His remarks were made during his appearance on Platts Energy Week television. Not necessarily news Americans want to hear as gas prices have been on …