Monday, January 03, 2011
Back in 2008, the price of a barrel of oil rose to $133, and prices at the pump topped $4 per gallon. As the economy slowed, and demand for oil dropped, the price did as well. However, the cost of oil has risen to just over $90 a barrel, as confidence in the economic recovery grows stronger and the price of filling up your car is expected to keep rising throughout 2011. What will happen to our economic recovery if we hit the psychological benchmark of $100 per barrel or higher this year?
Tuesday, October 05, 2010
Though Congress may have failed to pass an energy bill to reduce the nation's dependence on fossil fuels, the military isn't wasting time developing renewable energy technologies. A Marine company in Helmand Province in southern Afghanistan has become the first to take renewable technology into a battle zone, arriving last week with solar powered tents and chargers.
The military's decision was less about environmental concerns than practicality. In recent weeks, already treacherous supply routes over the Khyber Pass from Pakistan to Afghanistan have become even more fraught with danger, culminating in the attack of several NATO oil tankers on Monday. Military leaders are hoping the push toward alternative energies will save lives in the long run.