It often just went onto the car loan, or would later get covered by a refi. in a bubble market, buying a high end car was like small change, after dealing with such a huge amount of money. that he often sees people break into tears. There's so much paperwork, uncertainty (will they bid high enough?) etc. RE bubble was going strong (2003) and he said, basicallly, one of the most traumatic experiences is buying or selling a house. I hung out with a Volvo salesman I befriended for a bit. This is about diesel, though, but it should give you an idea. Volkswagen cites a study that sees the production potential for BTL at 70 million MT of fuel in the EU-15, which would amount to one third of the fuel currently used by all vehicles (cars and trucks) in the EU-15. This could generate 4 million tons of sundiesel, which is about 13 percent of current diesel use in Germany.ĭaimlerCrysler expects that BTL fuels could achieve a market share of 10 % in Europe by 2015. In recent years the German set-aside area amounted to roughly 1 million ha. A plant producing 13,000 tons per year would need the biomass of 50,000 ha. Choren is located in Freiberg (Saxony) and has developed the so-called and patented "Carbo-V®" gasification process.Īccording to Choren it takes 5 tons of biomass to produce 1 ton of sundiesel and 1 hectare generates 4 tons of sundiesel. Nowadays both companies work together with a company called Choren and call the fuel "sundiesel". Volkswagen called their fuel "SunFuel" while DaimlerChrysler's fuel was named "Biotrol" (biomass + petrol = biotrol). In Germany, Volkswagen and DaimlerChrysler started projects on BTL-technology. Meanwhile, Matt Simmons is proselytizing even on summer vacation in Maine: Energy Expert Warns Of Tough Times Ahead. The repeated failures of their predictions and their refusal to address substantive criticisms of their theories and methods are damning indictments of their claim to be scientific. In fact, these analysts – usually geologists – are unfamiliar with statistical modeling and don’t recognize that they are engaged in curve fitting, not scientific analysis. King Hubbert and a new generation of oil supply modelers, who believe that geological resources are scarce and a peak in global oil production is near. With the recent problems in the oil market, renewed attention has been focused on the theories of M.
MSU professor quietly creates one of nation's largest databases for wind energy researchīP's Prudhoe Bay a "giant water field" "Really, we are a giant water field," said Bill Hedges, BP PLC's corrosion expert, explaining that what comes up now during drilling is three-quarters water.
economy has become the arena for a tug of war over inflation.
Consumers May Pay as Businesses Feel Pinch at Pump As oil prices climb, the U.S.
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