A Quote by Tom Vilsack
But It doesn't make sense for us to have a continued reliance on a supply of oil where whenever there is unrest in another part of the world, gasoline prices jump up. We need a renewable fuel industry that's more than corn-based, of course, and there are a whole series of great opportunities here.
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The way to bring gas prices down is to end our dependence on oil and use the renewable sources that can give us the equivalent of $1 per gallon gasoline.
GM is pursuing gasoline-savings solutions on many fronts on the way to our ultimate vision of hydrogen fuel cell-powered transportation. E85 ethanol burns cleaner than gasoline and is a renewable, domestic fuel that can enhance the nation's economy and energy security.
There is enough oil out there for world demand. It is true that a lot of what's driving oil prices up right now is not the lack of supply. There's enough supply.
The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent.
I would say that, from an agricultural perspective, I have a little bit of concern, because some of the folks I don't know are particularly supportive of the renewable fuel industry and the renewable fuel standard, which is a big part of certainly Midwestern agriculture. I'm hopeful that, when we see his ultimate selection for ag secretary, that we will see someone who is a strong advocate for renewable fuels, and what that means to Midwestern producers. And, for that matter, now, all over the country, we're seeing more and more of the biofuels being produced from a variety of sources.
You have to work with the auto industry, the oil companies, you have to work to develop renewable fuel, whether it's solar or different kinds of fuel.
You have to work with the auto industry, the oil companies, you have to work to develop renewable fuel, whether it's solar or different kinds of fuel or whatever.
There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.
We're clearly coming to the end of the fossil fuel era. We have the technology to shift to renewable energy, we have the will of the people. The only thing that's keeping us back is the fossil fuel industry's hold on our political system. That's what we need to change.
To restore our inflamed atmosphere to a hospitable state requires nothing less than rewiring the entire globe - and replace every oil-burning furnace, every gasoline-burning car, every coal-burning generating plant, with renewable, climate-friendly energy sources. The earth's fossil fuel resources have blessed us with a level of prosperity and abundance unimaginable a century ago. Today they are propelling us forward into a century of disintegration.
There isn't enough renewable fuel in the world to crack our growing addiction to foreign oil. We need to decrease miles driven and increase engine efficiency.
Having yet another vote on refinery legislation that uses high oil prices as an excuse to weaken environmental protections and to give more legislative gifts to the oil industry is misguided in the extreme.
This morning, prompted by increasing concerns about terrorism, oil prices reached a record high as the cost of a barrel of crude is a whopping $44.34. Wow, it seems shocking that a product of finite supply gets more expensive the more we use it. Now the terror alert means higher oil prices, which oddly enough means higher profits for oil companies giving them more money to give to politicians whose policies may favor the oil companies such as raising the terror alert level. As Simba once told us: "It's the circle of life."
I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because the U.S. now produces a lot of oil and there is a lot of supply because the Saudis seem to want to produce a lot of oil, maybe to punish the Iranians and the Russians.
There is an urgent need to stop subsidizing the fossil fuel industry, dramatically reduce wasted energy, and significantly shift our power supplies from oil, coal, and natural gas to wind, solar, geothermal, and other renewable energy sources.
It costs governments money to keep fuel prices low. Oil-rich Yemen, for instance, devotes 9 percent of its GDP to making sure its people don't riot when oil prices rise.
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