“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 Things are changing so fast that you can’t risk owning an expensive piece of equipment that will become outdated before it is even paid for.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).

Solar thermal power is generated by building a field of concave mirrors that focus the sun’s heat onto a liquid encased in pipes. The liquid is superheated and used to generate steam that powers turbines, generating electricity. In the south west, where open desert land and sunlight are plentiful, they are building these facilities as fast as they can. They are completely unrelated to conventional solar panels that convert light into electricity but are very costly to build.

“On sunny afternoons, those 10 plants would produce as much electricity as three nuclear reactors, but they can be built in as little as two years, compared with a decade or longer for a nuclear plant. Some of the new plants will feature systems that allow them to store heat and generate electricity for hours after sunset.”

NYTimes.com (link above)

New designs that focus the heat onto towers will work in less sunny areas. With a lot of discussion about starting to build new nuclear plants which are very efficient but create an unsustainable stream of radioactive waste, it’s important to understand that we have very clean alternatives. There are environmental impacts of building these large facilities on open land but they are nothing compared to the impact of any conventional energy source such as coal, gas or nuclear.