Archives: 2008 August

T. Boone Pickens is a legendary billionaire oilman who is terribly concerned about America’s future unless we get our dependence upon foreign oil under control and considerably reduced.

Sure, T. Boone is a business man who is already heavily invested in wind farm energy technology. Should the US government grant tax breaks and subsidies to wind farm operators no doubt he would do well and make a substantial profit on his investment.

In my opinion, that would be just fine, T. Boone would deserve a nice profit, if the so called “Pickens Plan” can gain traction and once implemented reduce America’s dependence upon foreign oil imports. There is no doubt that the $700 billion annually drain of US resources to pay for imported oil is unsustainable. America is on the road to ruin if it continues to pay out for much longer such a large percentage of it’s resources for crude oil and petroleum products.

As Pickens states in the video superior leadership and real commitment from a large number of Americans will be required to overcome this energy crisis. Watch the video and see if you think T. Boone Pickens is on the right track.

For more on the Pickens Plan visit the website.

The decline in U.S. oil consumption in the first half of 2008, reflecting slower economic growth and the impact of high prices, was the largest half-year consumption decline in volume terms in the last 26 years, when, in the first half of 1982, oil consumption dropped by nearly 800,000 bbl/d. This sudden drop in consumption reflects the slow down in the US economy, a slowdown that has not been as evident in consumption outside of the Organization for Economic Cooperation and Development. Countries outside the OECD actually had an increase in consumption which more than offset the US slowdown.

While downward pressures on crude oil and natural gas prices are expected near term the balance between supply and demand is seen as still being tight. OECD commercial inventories are expected to be about 30 million barrels below the 5-year average at the end of the third quarter of 2008 which indicates that current price weakness will last long unless there is a substantial reduction in demand.

The following information is from the US government’s Energy Information Agency.

We often complain on the high rates of electricity that we pay monthly. We know that due to the economic conditions that we are in, even the other countries of the world are experiencing problems in coping with the rising costs of electricity. Wouldn’t it be helpful to be armed with some practical tips to conserve energy? This of course helps us save a huge amount of money going to the electric bills that we pay. Listed below are just a few of the practical ways to reduce the consumption of electricity that would result of course to a reduced amount to be paid on our electric bill. Earth 4 Energy is the first choice, though. These DIY home generator kits for solar and windmill power will allow you to save thousands per year.

The first easy and convenient way to save energy, starts with your own room/house. All those appliances, which run on electricity, should always be turned off, when not in use. It is best advisable to unplug them, as these appliances consume energy, even when they are plugged in and not in use. This not only helps save energy, but also can avoid unfortunate events of house fire.

It is not unusual that when we think of switching appliance, we only think of those that require plugging in to electric outlets. Think again. Your lights, whether fluorescent or halogen, are also running on electricity. When not in use, it is better to switch them off. Also, take advantage of solar energy. Try to rearrange your room in such a way that you maximize the natural light coming from the sun. Earth 4 Energy kits / manuals and generator takes care of this problem and the electric company will pay you since you’re guaranteed to produce more than enough energy than what you consume.