T. Boone Pickens: Oil Won’t Go Below $100: The inimitable Mr. Pickens predicted today that while oil may soon drop to $110 a barrel he doesn’t think crude will sink below the $100 mark. Meanwhile Boone’s own business prospects, his BP Capital and his Clean Energy Fuels, are reporting losses – Reuters.
Pelosi Calls for Tapping of Strategic Petroleum Reserve: Speaker of the House Nancy Pelosi is the most recent Democratic voice to come out in favor of tapping into the Strategic Petroleum Reserve in an effort to offer some short-term relief at the pump – ABC News.
The Ups and Downs of Oil Reveal America’s Way Forward: NPR’s Ron Elving knows that America wants to expand its own oil exploration and production. Combine this with the fact that America can actively control its demand of oil, and he thinks we can address the short-term price spike and our longer-term energy problem – NPR.
Domestic Automakers Scramble to Boost Efficiency: American automakers are finding they must retool their lines to offer more fuel efficient cars for surging demand as American consumers shun SUVs and trucks in favor of much smaller vehicles – Reuters.
Gemonics: The Key to Better Biofuels: “Genetics and genomics can catalyze progress towards delivering, in the not-too-distant future, economically-viable and more socially acceptable biofuels based on lignocellulose,” said Eddy Rubin, Director of the U.S. Department of Energy Joint Genome Institute – Science Daily.