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Tuesday, April 22, 2008
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Today's high oil price excuse:
posted by
Dookie The Webmaster
6:33 AM
Oil Rises to Record Above $118 on U.K. Strike, Nigeria Supply
Crude oil rose to a record above $118 a barrel on concern that a labor dispute in the U.K. and disruptions in Nigeria may crimp oil supply.
Oil rose to $118.05 a barrel in New York as unions planned to strike at a Scottish refinery in Grangemouth that receives shipments of a benchmark crude oil from the North Sea. Royal Dutch Shell Plc said yesterday 169,000 barrels of daily production were suspended because of attacks last week in Africa's largest producer. Wait. I thought this had nothing to do with supply.
Permalink
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1 comments
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There's another side of energy/oil conservation many people don't consider. We tend to think of oil only in terms of fuel - gasoline, heat, etc. But we also use it to make plastics. We consume 2.5 million bottles of water a year and making those bottles requires 1.5 million barrels of oil. That's just water - not soda or juice. The technology does exist to make plastics from other materials and there's really no reason why it can't be federally mandated for manufacturers to use that technology. Oil is considered the "cheap" way to make plastics, but dwindling supply will change that soon.
It's great to look at fuel conservation, but we use oil for lots of stuff. We need to find alternatives for those as well, or I'm afraid we won't really make much of a dent in our usage.
posted by
at 3:05 PM |
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