“The idea is to capture the sun’s heat. Heat, unlike electric current, is something that industry knows how to store cost-effectively. For example, a coffee thermos and a laptop computer’s battery store about the same amount of energy, said John S. O’Donnell, executive vice president of a company in the solar thermal business, Ausra. The thermos costs about $5 and the laptop battery $150, he said, and “that’s why solar thermal is going to be the dominant form.”

As oil prices skyrocket and technology makes breakthroughs, our ability to generate clean, sustainable energy becomes more and more viable. However the big roadblock to technologies like solar and wind is that they do not run 24/7 like water or nuclear, meaning they are an undependable source unless we can find ways to store the energy during those cloudy, windless days and dark nights. Battery tech has been a major stumbling point because of costs and inefficiency (much of the energy is lost during storage). As the above quote from today’s excellent NYTimes coverage of storage challenges notes, there are entirely new ways to look at storage that, in turn, have made new energy sources viable. One example is the focusing of solar heat by a field of hi-tech mirrors onto a tower full of water and heavy salts. During the day this heat powers steam turbines, during the night the stored heat in the tower keeps those turbines turning.

Read the article- it is easy to be a doomsayer during this rapidly expanding crisis but there are truly great things coming out of this scenario, great in the long term.

“Skybus Airlines announced it was shutting down Saturday, with the low-cost airline blaming the “insurmountable” pressures of rising jet fuel costs and a slowing economic environment.
Columbus, Ohio-based Skybus became the fourth airline this week to close or announce plans to do so.”

From MarketWatch (emphasis mine)

The others are Aloha, ATA and Champion Air. Fuel surcharges for flights are skyrocketing and the airlines have separated them from their advertised prices. For example I recently saw a one way price of $220 for a NY to London flight. Sounds pretty good right? Except that it did not include a $160 fuel surcharge each way.

The impact of rising energy costs is everywhere. Food, commodities, travel, transportation- you name it. Yet we are, as a nation, doing virtually nothing about it (except for begging OPEC to give us a deal). History is going to look back and wonder how we could ignore the breadth of change that is upon us.

“Forever is composed of nows”

Emily Dickinson

Honda thinks my new Civic will be worth $12,000 three years from now. I don’t think so. Here’s why.

Gas is inevitably going up up up because of emerging, energy-hungry markets in Asia and the rest of the world.

Higher Demand+ Limited Supply= Higher Prices.

A car that gets ‘only’ 25/36 MPG won’t be in demand.

New car technology, including plug-in hybrids, will be the standard because the demand will be intense and the technology exists now.

As the Car Lady pointed out in a recent comment, leasing is definitely the way to go right now because of these factors. Things are changing so fast that you can’t risk owning an expensive piece of equipment that will become outdated before it is even paid for.

Welcome to the future.

As I write this oil prices are at $105.97, an historical high. So what is US policy on energy? Apparently it consists of our President begging OPEC to increase production to bring prices down, which they refused to do. This begging is sickening in its stupidity. Does he not have any understanding of how markets work? We may be OPEC’s biggest customer but they know that China and India will soon surpass us so why lower prices? This administration destroyed our credibility in the Middle East and now doesn’t understand that the oil producing nations may not need us in the long run.

Get ready for $5/gallon gas (which Bush won’t know about until a reporter asks him).