How much can public transit save you? (page 1 )
Global primary energy sources. (page 1 )
So what is BOE? (page 2 )
How long can natural gas stay cheap?. (page 2 )
Mexico and the U.S. are addicted. (page 3 )
Oil price graphs. (page 4 )
Yes demand for oil in the U.S. is up. Why is it hard to believe?
Why is it so hard for pundits to believe that U.S. petroleum demand is up? Unless the economy slips backwards into recession demand will continue to rebound. This is especially true as industrial and commercial demand climbs back up. Recovery in that sector of just half of what was lost in the recession would put U.S. demand back well above 20 million barrels per day.
“Despite rising fuel costs, total US petroleum deliveries (a measure of demand) marked a 4.4% increase in February over the same month a year ago. At 19.7 million barrels per day, they were at a three-year high for the month. Gasoline deliveries, at 9.0 million barrels per day, rose by 4.2%, posting a record high for any February, according to figures from the American Petroleum Institute (API).”
Of course as the price of diesel climbs above $4/gallon the risk to the economic rebound increases. The problem is simple, the economy needs cheap fuel to recover but recovery brings expensive fuel. The price graphs at the end of this week’s report illustrate just how fast that expensive fuel is coming.
Even the old lead acid battery is getting a micro chip.
“Freescale Semiconductor introduced the MM912J637 intelligent battery sensor (IBS), which accurately measures the voltage, current and temperature of lead-acid batteries and calculates the battery state, all while operating in harsh automotive conditions. The ability to accurately assess these battery parameters is becoming more important with increases in the number of hybrid vehicles on the road and overall electronic content in vehicles, as well as the introduction of stop-start systems.”