Tuesday October 11, 2005

Jim Kunstler : "An eerie hiatus"

kunstler.com :

For the moment, it's back to business-as-usual for Easy-motoring Nation. Yet 73% of oil from the Gulf of Mexico remains "shut in" or unavailable because of hurricane damage, and about 63% of natural gas production.

For the past month, the European Union has been sending two million barrels of crude a day to the US out of its own emergency reserves. The Federal government has loaned the oil companies crude from the Strategic Petroleum Reserve. These actions have beaten down the price of crude oil on the various futures markets.

[But] the commutes haven't magically gotten any shorter over the past month. The national fleet of SUVs has not been changed out either. What's happening, therefore is that we have entered an eerie hiatus. The truth is that our energy supplies are badly compromised and at the worst time of the year. So all we have here in America is a temporary appearance of normality ...

- Jim Kunstler calls it as it is, and explains it well. We're watching to see what happens next. Winter is coming.

See also :

1. Natural gas : "a national emergency"
2. Hurricane Rita causes record oil rig damage

(2005-10-11 18:00:36 SGT) [Energy] Permalink

Most popular blog postings on lowem.log :

1. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Honda Civic Hybrid preliminary specifications released
4. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
5. How to insert currency exchange rates into Google Spreadsheets
6. Singapore : Nuclear power not ruled out
7. Live spot gold price quotes chart on COMEX
8. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option

Featured articles on lowem.log :

1. 2010 Honda Civic Hybrid preliminary specifications released
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
4. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
5. New efficient nanotech materials may boost enhanced geothermal power systems
6. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
7. Singapore property market recovery seen as private home sales surge 52% in Jul 2009
8. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004