Word: oiled
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That future, as Davies notes, could be dazzling. With the price of crude at one point this year reaching $147 per bbl., interest in alternative sources of oil is unprecedented. A big part of that interest comes from the U.S., India and China, which all rely on oil imports and have massive coal reserves. Feasibility studies for Sasol to build two plants in China, each projected to produce 80,000 bbl. a day by 2012, are at an advanced stage. In the U.S., Sasol is courting interest from several states, including Montana, Illinois and Wyoming, as well...
Brian Ricketts, an analyst at the International Energy Agency, an energy think tank in Paris, says his group expects coal-to-liquids and gas-to-liquids to account for 10% to 15% of world fuel supply by 2050. Even capturing 1% of world oil demand would mean an output of millions of barrels a day--several times Sasol's current global production. Susan Barrows, a chemist and an energy expert at Harrisburg University in Harrisburg, Pa., reckons that given U.S. coal stocks, the country should be able to produce enough oil from coal to replace 30% of its imports...
Bush has no hope but to heal himself. As the price of oil floated downward, as Iraq's Anbar province, formerly a charnel house, returned to local control, as another September arrived with no cities flooded or towers destroyed, his vital signs improved slightly. Too little and too late for this political cycle, but beyond that lie the low hills of Texas, out of the storms, and a quiet wait for history's verdict...
Then there's the rest of the coast, a Cajun country of farm towns, fishing villages and oil ports that are even more exposed than New Orleans. For decades, Louisiana's southern parishes have clamored for a series of gigantic levees across the coast--a kind of Great Wall of Louisiana--starting with a 72-mile (116 km) Morganza-to-the-Gulf dike for the city of Houma and some exposed bayou towns. Keith Luke rode out Gustav in his shrimp boat; his hometown of Dulac, once nestled behind cypress swamps and marshes, is now surrounded by open water...
...want to give a shout-out to all my Saudi Arabian brothers and sisters. If you could all please send me some oil for my jet, I would truly appreciate it.' SEAN (DIDDY) COMBS, hip-hop mogul, in a video blog, on the high cost of fuel. Combs added, "I can't believe I'm flying commercial...