As part of an ongoing efficiency and conservation effort, President Obama announced this week that his administration will set higher fuel-efficiency standards for medium- and heavy-duty trucks by March 2016, a move that could reduce dependence on foreign oil, cut fuel costs, and lower consumer prices.
Indianapolis Mayor Greg Ballard is at it again. At last month’s Electric Drive Transportation Association (EDTA) Conference, Ballard announced that he will bring the French company Bolloré’s electric car-sharing service, already a great success in Paris, to Indianapolis.
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.
Navy Secretary Ray Mabus is on a mission to decrease the U.S. Navy’s dependence on foreign oil. In his words, “We simply buy too much petroleum either from potentially or actually volatile places on earth.” In 2009, he announced a plan to fuel half the Navy’s energy consumption through alternative fuels by 2020. “We’re doing this for one reason,” Mabus stated, “We’re doing it to be better warfighters.” The Navy has started to demonstrate some of the progress they have made with “drop-in replacement” advanced biofuels this year.
High oil prices this decade have been hard on Americans, but if there has been any silver lining, it’s been the growth of alternative energy investment and innovation spurred by the rising cost of oil.