Showing posts with label Oil. Show all posts
Showing posts with label Oil. Show all posts

Thursday, March 31, 2011

Gas prices around the globe, March 2011

chart from http://www.dailyfinance.com/story/market-news/gas-prices-world-high-low-country-pain-pump/19895547/?icid=maing-grid7main5dl3sec1_lnk252904
via AIRINC http://www.air-inc.com

Friday, March 18, 2011

Fuel From Enzymes Feeding on Plant Waste

There is hope yet that people will reduce their use of fossil fuel. CSIRO is working with universities to make biofuels from enzyme interaction with plant waste. The product will be low-emission. It will not divert resources from food production because only unwanted plant material will be used.

The mere growing of food crops will balance out the carbon dioxide pushed into the environment by using such fuels. Growing plants absorb carbon dioxide thus keeping it out of the atmosphere. More profit for the farmer from this by-product is a good thing because it will encourage planting of more crops.

With oil running out it is paramount to find other ways of creating fuel. Enzymes that will do this have been identified by CSIRO. The research body's target sector is transport, freight movers. Trucking causes a third of the toxic gases emitted into the environment.
~~~~~Science~~~~~
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Sunday, February 14, 2010

Australia Gains Good Resource Areas

Australia gets richer with little effort. The United Nations has granted an expansion of Australia's territorials waters. This has resulted in Australia gaining large swathes of undersea areas containing rich gas and oil deposits.

The region gained is five times the area of France. There is a problem. The minerals are in very deep waters. But with the price of oil rising, it won't be long before it will be economical to mine the region. Oil obtained in deep waters from the Gulf of Mexico is being sold on the world market.

The area of greatest potential is off the north west coast where extraction of gas is already taking place. Development in the Great Australian Bight and off Tasmania will not take place soon. However, the future in the long term looks secure for Australia.
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