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A recent interview with a former Shell Oil executive has made waves this week, as John Hofmeister, president of the company from 2005 to 2009, predicted $5/gallon gas by 2012: “When American consumers are short or prices are so high — $5 a gallon for gasoline, for example, by 2012 — that’s going to set [...]
The Gulf oil spill may become the worst environmental disaster in American history. The scale of destruction is only now beginning to be understood. Oil is fouling beaches, killing wildlife, and causing massive economic damage to tourism, fishing, and other industries that depend on clean beaches and clean oceans. California experienced a similar spill 41 [...]
The LA Times reports that the California Air Resources Board has just released a complex new environmental regulation called the “Low Carbon Fuel Standard” (LCFS). This is relevant for High Speed Rail in that it will inevitably raise both vehicle and fuel prices for cars and trucks in the medium and long term. That in [...]
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