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Posts tagged “CNN”

By Robert Rapier on Oct 26, 2007 with 2 responses

Which Way is the Wind Blowing Today?

Today, a story from CNN caught my eye: Here comes $100 oil, and $3 gas “Three dollar gasoline in this market is unavoidable,” said Stephen Schork, publisher of the industry newsletter the Schork Report. “At this rate, we’re going to see $4 a gallon.” Norrish said it was fundamentals, not speculative investment money, driving oil prices – strong demand, falling inventories, no production increases from OPEC. “The underlying market balance will continue to tighten, and if the geopolitical situation worsens we’ll get to $100 very quickly,” he said. Barakat said there are now more traders betting oil will rise to $100 than there were betting it would cross $90 back when crude was still in the $80s. And Schork noted… Continue»

By Robert Rapier on Jun 12, 2007 with no responses

What’s On Tap

Update Four essays, plus this one, finished off today: The Problem With Biobutanol This Week in Petroleum 6-13-07 Letter to CNN on Inaccuracies in “We Were Warned” The Problem with CAFE With that, I am on hiatus. I may come back and update TWIP on Thursday. Cheers, Robert Taking a Break I received a welcome surprise yesterday, and found out that I get to fly home this Friday to see my family. I have been away from them for 5 months (so the kids could finish out school) but on Friday I go home to retrieve them for their move to Scotland. Thus ends the most difficult 5-month period of my life. At that time, two things will happen. First,… Continue»

By Robert Rapier on with 1 response

Letter to CNN on Inaccuracies

Dear CNN, Over the weekend, I watched your special report We Were Warned: Out of Gas. I had previously seen the original version, “Out of Oil”, and wrote to CNN at that time pointing out a number of inaccuracies in the report. (It appears that the transcript still reflects the earlier version). Those inaccuracies remain in the newer version, so again I feel compelled to point them out. While I think the overall message of the report is essential, you give critics ammunition by not having all of your facts in order. So let’s look at some points. First, we have Frank Sesno stating “Ethanol now accounts for nearly 40 percent of Brazil’s transportation fuel.” This is inaccurate. Diesel accounts… Continue»