April 22nd, 2014
The price of gasoline in the U.S. is on the rise again.
Futures prices for RBOB (“Reformulated Blendstock for Oxygenate Blending”), the NYMEX futures contract for gasoline, are up over 11% for the year and a full 6.6% of that increase has come in the past month.
In fact, gas is up 2.4% over the past week alone. Today, the average retail price is 4 cents higher per gallon than a year ago.
And you can bet that as we move into the “official” start of the summer driving season, the worst is yet to come. Prices will be headed even higher.
So with all the hoopla surrounding our newfound oil wealth and our legitimate move to become energy self-sufficient in as little as a decade, why are gas prices still climbing?
Let me explain…
April 17th, 2014
Solar power has always offered up the promise of three tremendous benefits.
It’s renewable, it’s great for the environment, and it can be produced right here at home – safely insulated from the ups and downs of global politics and market bottlenecks.
But there has always been one big problem with solar – the price.
For years now, its high cost has always been the biggest weapon in every critic’s arsenal. “It’s just too expensive,” they claim.
However, a study released last week by investment bank Sanford Bernstein suggests this objection is about to fall by the wayside for good.
It was brought to my attention in an article last week by Giles Parkinson of RenewEconomy. To say its findings are rather dramatic is an understatement.
In fact, I can promise you this study will definitely turn some heads…