Fuelishness! Feed

June 24, 2008 · Filed Under Fuels

As the realization takes hold that rising energy prices are less a momentary blip than a restructuring with lasting consequences, the high cost of fuel is threatening to slow the decades-old migration away from cities, while exacerbating the housing downturn by diminishing the appeal of larger homes set far from urbanÂ jobs.
Alaska â€“ Governor Sarah Palin today urged members of Congress to enact legislation that would allow oil and gas development in a small portion of the Arctic National Wildlife Refuge.
Drilling in ANWR will produce eleven times as much gasoline as the total that is saved by all forms off mass transit, combined. There is enough petroleum in ANWR to produce a million barrels of oil a day for 30 years. At today’s prices, that would reduce the payments we make to foreign governments and their captive oil companies by around $1 trillion.
House Democrats failed Tuesday to resurrect a bill to punish price gouging at the gas pump, while maneuvering to block Republican attempts to expand offshore drilling, an idea gaining in popularity amid $4-a-gallon gas prices.
ToÂ encourage a transition toward alternatives, Obama favors legislation that would make fossil fuel more expensive. Doesn’t that mean more pain to come under an Obama presidency? “There is no doubt that in the short term, adapting to this new energy economy is going to carry some costs.”
Fuelishness! FlashBack – October 19, 2005 – With gas prices hovering around $3 a gallon, a lot of people say they’re making big sacrifices so they can afford to fill their gas tanks. They’re cutting back on travel, curtailing shopping expeditions, going out less often.