Wednesday -Energy Update

-Posted by D. Worth (US) | for- M. Barbay (France)
"When you are drifting down the stream of Niagara, it may easily happen that from time to time you run into a reach of quite smooth water, or that a bend in the river or a change in the wind may make the roar of the falls seem far more distant. But your hazard and your preoccupation are in no way affected thereby.
—Winston Churchill

Today's News:
Oil Trades Near Record as Fed Plan May Avert a US Recession
``It's a mixed bag for oil right now as the fundamentals are not bullish, but the Fed's announcement may help the economy,'' said Tetsu Emori, a fund manager at Astmax Co. in Tokyo, who forecast oil may surge as high as $120 a barrel.

Darling to Cut UK Energy Bills, Promote Cleaner Cars
Combating ``fuel poverty'' and reducing carbon-dioxide emissions are emerging as key themes in Exchequer Alistair Darling's first annual budget, which he will present to the House of Commons at 12:30 p.m. on March 12.

Biorefinery & cellulosic etha­nol (non-food) Bio Hybrids
They work on a fuel mix of 85% bio-ethanol and 15% petrol...

(More later... Back in studio, painting.) Link

NOTE: Replacing every vehicle with a high mileage hy­brid would cut consumption in half, nearly eliminating the need for im­ported oil... And improving the average fuel efficiency of the entire car fleet by just 5.3 miles per gallon could displace all Persian Gulf imports...
Video: Peak Oil- Info

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