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22UK climate secretary: renewable energy pays off when oil exceeds $100 barrel

Recently, the UK's energy and climate change secretary, Chris Huhne, spoke of his country's ambitious low-carbon energy plans, telling conference-goers at the Royal Geographic Society that the billions invested in renewable energy will pay off economically. There's a caveat, though: this only happens if oil exceeds $100 a barrel. As Huhne predicts, consumers will see reduced utility bills from low-carbon energy investments when oil soars above what he calls "the break-even point" of $100 a barre

29Former Shell boss predicts $5/gal gas in 2012

With fuel prices in a temporarily lofty spot thanks to the holidays, it's hard to think of the price of a gallon of gas as a bargain, but according to the former president of Shell Oil, that's exactly what it is compared to what we'll see just one short year from now. While speaking with Platt's Energy Week Television, John Hofmeister said that he fully expects gas prices to be above $5.00 per gallon by the end of 2012. That stance puts Hofmeister firmly in the worst-case scenario club, though o

140Former Shell boss predicts $5/gal gas in 2012

With fuel prices in a temporarily lofty spot thanks to the holidays, it's hard to think of the price of a gallon of gas as a bargain, but according to the former president of Shell Oil, that's exactly what it is compared to what we'll see just one short year from now. While speaking with Platt's Energy Week Television, John Hofmeister said that he fully expects gas prices to be above $5.00 per gallon by the end of 2012. That stance puts Hofmeister firmly in the worst-case scenario club, though o

38One analyst's view: oil should cost just $10 a barrel

It wasn't all that long ago that barrels of oil cost around $10. One energy analyst quoted by CNBC, Peter Beutel, the president of Cameron Hanover, thinks that a fresh, crisp Alexander Hamilton is just about what a barrel is worth. His reasoning?

53Poll: Americans favor raising gas mileage requirement to 50 mpg

Fuel efficiency has been a hot topic as of late, both for consumers looking to ease their financial and environmental burdens and for automakers hoping to meet the latest round of government-mandated mileage requirements. A few months ago in late March – importantly, that means the survey was conducted before the major disaster and oil spill in the Gulf – the Consumer Federation of America found that most U.S. citizens support a major shift towards increased fuel mileage standards.

50Oil price hits 17-month high thanks (?) to economic recovery in the U.S.

Two years ago, the price of oil was shooting to highs of over 100 dollars a barrel. Today, it's not quite that high, but the price of a barrel of crude did hit $86.62 this week, its highest point in 17 months, thanks (?) in part to "growth in American jobs and service industries signaled that the economy is recovering," as Bloomberg put it. A related increase came in the S&P 500, which went up 0.8 percent to 1,187.44.

22Considering the crazy: will $30 barrels of oil come back?

While it's certainly possible to run automobiles on natural gas instead of gasoline (see the Civic GX), there is a decided lack of natural gas vehicles in the U.S. This might become a problem that needs solving, quick, if an analysis in Ground Report turns out to be accurate. The fear? That the price of oil will plummet from its current price of around $70-$75 to $30.

6CO2 vehicle standards could reduce the price of oil

Explaining the ups and downs of the price of oil requires either a PhD and/or an ability to craft a good story. The French institute Enerdata has found another factor that anyone who wants to tell the full tale should take note of: CO2 regulations can affect global oil prices. Perhaps someone should tell the EPA.

12BREAKING: OPEC issues largest-ever cut in oil production

Getting used to cheap gas prices? Experts have been warning that they are not going to last and the Organization of Petroleum Exporting Countries (OPEC) is doing its part to prop 'em back up. Today, OPEC unleashed a plan to drastically cut oil production by an astounding 2.2 million barrels per day - the largest cut ever - after already dropping oil production by another 2 million barrels per day just a short time ago. This move once again proves that oil is a supply and demand market and is in

8Party like it's August 2007: oil falls to 14-month low

Photo by Michael (mx5tx). Licensed under Creative Commons license 2.0.

15Breaking: Oil prices rise nearly 16-percent in one day of trading

The price for a barrel of Crude for October delivery rose $16.37, or 15.7%, to close at $120.92 by the end of today's trading in New York. Why? There doesn't actually appear to be any one particular reason, with speculation of an improving economy due to the Bush administration's hopeful ability to revitalize the struggling financial sector and overall economy taking top honors. This spike represents the largest ever pricing increase for oil in the history of trading. Most analysts seem to belie

5U.K. drivers being overcharged for fuel?

Nobody wants to pay more for fuel than they need to. This may especially be true in the UK where, due in large part to heavy taxes, both gas and diesel are much more expensive than they are in the States. Regardless of how much it's taxed, though, as the price for a barrel of crude goes down, so should the cost of fuel for the end consumer, at least in theory. It seems that this isn't entirely the case across the pond, where an investigation is currently underway into current fuel prices. When c

6Your daily update on record oil prices: $110 per barrel

Lately, record oil prices have been a daily topic here on AutoblogGreen because every day the old record, set the previous day, is being beaten out by the day's closing price. Guess what? We're back at it today. That's right, a barrel of oil passed the $110 plateau for the first time ever. This latest price increase comes despite there being a surplus of oil available, which caused a brief dip in oil trading prices early in the day, and the fact that the demand for gasoline has remained mostly f

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