The Oil Dependency Organization

	Oil ($/barrel):		Gas ($/gallon):		Nat. Gas ($/MMBtu):

Monthly Features

Welcome

Each day America is responsible for consuming 25% of the world’s available oil production. However, America holds only 5% of the world’s population. Our vast suburban expanses and commercial shopping arrays are completely dependent on an ongoing supply of cheap fuel. Furthermore, America’s voracious appetite for oil is being mimicked by emerging industrial nations like China and India. The world’s extraction rate is nearing 1,000 barrels per second. Many of today’s most prominent energy analysts contend that global oil production may be reaching a peak. Many misinformed speculators are touting that America’s energy future will be sustained by oil shale/sand, ANWR or new continental shelf discoveries. However, there is an increasing consensus that these sources will be incredibly hard to exploit and will require decades of lead time. Moreover, many analysts only calculate recoverable reserves-failing to recognize the importance of determining 'probable extraction rates'. The global supply of oil is dictated by flow rates, not by known recoverable reserves.

Luckily, America has an adequate supply of good ideas for the future of energy. This site was constructed in an attempt to archive and expound upon some of these great ideas.

Daily Articles

2011 Brief: U.S. average gasoline and diesel prices over $3 per gallon throughout 2011
Januar 13, 2011 EIA	.

The average price U.S. drivers paid for gasoline and diesel during 2011 never fell below $3 per gallon, marking the first time the national pump price for both transportation fuels topped $3 per gallon throughout a calendar year. Crude oil, which accounted for more than 60% of the cost of making the fuels, was the main reason drivers had to pay more to fill up at the pump. At the same time, the difference between the prices of gasoline and diesel reached its widest level on record due mostly to stronger diesel demand. (read more)

The Peak Oil Crisis: Gasoline in 2012
Januar 10, 2011 FallChurchNews	.

In recent days there has been much discussion in the press about what might happen to gasoline prices in the coming year.

Cognizant of the fact that retail gasoline is currently running nearly 30 cents per gallon higher than it was in January 2008 the year when prices topped out at a national average of $4.11 and that gasoline futures have risen by 30 cents a gallon in the last few weeks, there is reason for concern. Typical of the stories is one from the Los Angeles Times that quotes Tom Kloza, long-time chief analyst for the Oil Price Information Service and the go-to guy when one needs numbers and forecasts on gasoline prices.

(read more)

Is A $24,000 Price Needed For Electric Car Sales To Soar?
December 19 , 2011 GreenCarReports	.

This past January, many commentators hailed 2011 as the year of the electric car.

But as we approach the end of the year, neither Chevrolet nor Nissan has sold as many plug-in cars as it had predicted a year ago it would--due to everything from the Japanese earthquake and tsunami (Nissan) to overly optimistic rollout projections (Chevy).

(read more)

Peak Oil? Not According to This Chart
December 16 , 2011 WallStreetDaily	.

It’s Friday in the Wall Street Daily Nation. And that means we’re ditching our regular routine of commentary-based articles and instead using charts to present some important investment and economic insights.

This week we’re tackling the pesky little debate about Peak Oil and America’s overreliance on oil imports.

(read more)

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