enjoy my latest parody song, It’s called “Ordinary SUV Driver
Melody and chord progression is based on Joe Walsh’s “Ordinary Average Guy”
If you have been watching the biz news at all , you realize that this country does not have an energy plan. Dispite the price of gas going to over $4 and the price of a barrel of oil going to $147 , no one in Washington seems to have a solution. Actually congress does not have a clue because the price inflation in oil and food does not affect them ($3 $4 , what’s the diff) When you make over $200k it just does not affect you. That much cheap oil has been the norm for some long that , hey who gives a hoot! Except now that people are struggling to pay those mortgages that they should have never qualified for, their mortgages exceed the value of their home (good reason to just walk away, forclosure city) and their price of food and gas has skyrocketed, the avergae comsumer has started to notice. I will write something about the the whole ethanol boondoggle, that is a whole article in itself. I watch a guy called Jim Cramer on CNBC and he had an interesting observation to make. Nancy P, the speaker of the house invested $0.25 M in a little company called Clean Energy, CLNE is the symbol on the NASDAQ. Funniest thing, CA just mandated Compressed Natural Gas to be used on certain state of CA vehicles. Talk about inside information. Martha Stewart got thrown in prison for trading on inside information of the stock market. CNE is part of the T Boone Pickens plan. He also owns a stake in CLNE. I think the people in the energy biz know what the solution is better than the government. He knows that to start replacing deisel semi trucks, that are traveling the interstate highways, with CNE trucks could start happening now. But the whole wind,biofuel, and solar thing will take much longer.
Here is some info copied from www.pickensplan.com
“According to NGVAmerica, there are more than 7 million Nat Gas Vehicles (NGVs) in use worldwide, but only 150,000 of those are in the United States.
The EPA estimates that vehicles on the road account for 60% of carbon monoxide pollution and around one-third of hydrocarbon and nitrogen oxide emissions in the United States. As federal and state emissions laws become more stringent, many requirements will be unattainable with conventionally fueled vehicles.
Since natural gas is significantly cleaner than petroleum, NGVs are increasing in popularity. The Ports of Los Angeles and Long Beach recently announced that 16,800 old diesel trucks will be replaced, and half of the new vehicles will run on alternatives such as natural gas.
Cheaper
Natural gas is significantly less expensive than gasoline or diesel. In places like Utah and Oklahoma, prices are less than $1 a gallon. To see fueling stations and costs in your area, check out cngprices.com.
Domestic
Natural gas is our country’s second largest energy resource and a vital component of our energy supply. 98% of the natural gas used in the United States is from North America. But 70% of our oil is purchased from foreign nations.
Natural gas is one of the cleanest, safest and most useful forms of energy — residentially, commercially and industrially. The natural gas industry has existed in the United States for over 100 years and continues to grow.
Domestic natural gas reserves are twice that of petroleum. And new discoveries of natural gas and ongoing development of renewable biogas are continually adding to existing reserves.
While it is a cheap, effective and versatile fuel, less than 1% of natural gas is currently used for transportation.”
And did I mention that compressed natural gas costs 40% less than gasoline?
So, could the Pickens Plan work? I believe it could if the government and the oil companies got behind it. T Boone Pickens is a rich man , but he is also gettting older. I personally do not believe he is doing this to get richer. He is already rich. He is spending $10M of his own money to promote this.
More Later
