As Oil Prices Rise, Looking at the Year Ahead for Energy

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?

Garry Golden, futurist and blogger for The Energy Road Map joins us, along with Lisa Margonelli, Fellow at the New America Foundation and author of the book “Oil on the Brain: Petroleum's Long, Strange Trip to Your Tank.” They discuss the economic effects of rising oil prices and the changes in international and national infrastructure from electric vehicles to the new oil pipeline in Siberia.

Guests:

Garry Golden and Lisa Margonelli

Produced by:

Jen Poyant

Comments [2]

Garry G from Brooklyn, NY

Adam - thanks for comment. The 'in bed' comment was more related to our legacy issues with the combustion engine (not oil companies). As long as we have mechanical engines we are stuck w/ liquid fuels that have no legitimate substitute beyond biofuels. Yes, CNG can work but few energy analysts believe it is the right step to take. It does not offer any upside - in terms of a new 'substitutable' fuel or a scalable manufacturing advantage to automakers who want to get beyond the mechanical engine to lower cost electric drive trains. If we are to use natgas for transportation - it is best advocated as source for fuel cell electric vehicles. Shifting natgas from utilities to transportation could also be a headaches. So I like your natgas push, but disagree that it can be an effective band aid on oil supplies. Thanks for your note! Garry

Jan. 03 2011 10:25 AM
Adam from Rhode Island

In listening to the piece this morning on the rise of oil prices and alternative fuel vehicles, there was mention of Natural Gas Vehicles, but not the full picture. NGVs are present in many major public sectors, taxi services, police & utility vehicles, etc. Compressed Natural Gas is a less expensive, domestically produced fuel...what was not discussed was the conversion of the vehicle. The statement of "we have made our bed with the oil industry" is not 100% true...take a look at Boone Pickens, Clean Energy Fuels (www.cleanenergyfuels.com)...

Jan. 03 2011 07:28 AM

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