Tag Archives: OPEC

The future of oil in Iraq

Desert Gas Station by David Blackwell

It’s important to understand that increasing domestic oil production in America will not necessarily lower prices at the pump… Instead we should focus energy on alternatives to crude oil like natural gas, advanced biofuels and electric vehicles in addition to energy efficiency measures.

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Global Oil Balance to Remain Tight in 2013

A highly respected research provider, Cornerstone Analytics has allowed us to republish a preview of their 2013 Global Oil Capacity Forecast, originally published August 23, 2012. The outlook is not good for global oil balance, which likely means even higher oil prices, and bouts of global economic malaise. Some of the numbers here are pretty shocking.

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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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