Tag Archives: oil crisis

“Why I Quit Oil”

Photo Credit: bloomgal via Compfight cc

After 12 years of profiting from the energy and agriculture markets, I resigned my position as a hedge fund portfolio manager last year. Now, as the founder of Sustainable America, I devote a material portion of my time and net worth to helping make our nation’s food and fuel systems more resilient. Here’s why

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Our Fuel Gauge Is Broken

Hurricane Sandy has important lessons to teach us about our fuel supply, if we choose to listen. For one, shale oil notwithstanding, the U.S. is more reliant on imported oil now than it was at the time of the Iranian Revolution in 1979. 13D Research provides analysis.

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Making Gasoline Appear From Thin Air

British scientists have successfully produced just over a gallon of gasoline using carbon dioxide from the air and hydrogen from water. Air Fuel Synthesis, the company behind the process, hopes that within two years it will build a larger, commercial-scale plant capable of producing a ton of petrol a day. The global energy implications of literally extracting carbon dioxide from the air to make gasoline are considerable.

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By the Numbers

Currently 50 million households suffer from food insecurity, meaning that family members cannot always meet their basic food needs.

10 million people a year could be fed through the recovery of just one-fifth of food waste.

Only 2% of food waste is composted or otherwise recycled—62% of paper is recycled.

Consumers throw out about 40% of the fresh and frozen fish they buy.

The U.S. produced 208 pounds of meat per person in 2009—60% more than Europe.

Low income commuters spend a much higher proportion of their wages on gas—8.6% versus 2.1% at $4 per gallon.

Food prices rose 35-40 percentage points between 2002–2008.

Americans consume 25% of the world’s produced oil, but our nation holds less than 3% of the world’s proven oil reserves.

The International Energy Agency says greenhouse gas emissions rose 3.2% last year, with a 9.3% increase in China offsetting declines in the US and EU.


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