03.08.2009
An important reminder that the Marshallian scissors have two components – supply and demand. And no, oil is not different. The US 2009 economic stimulus package includes $56 billion in grants and tax breaks for clean energy projects over the next ten years and a budget of $15 billion a year to fund renewable energy projects. In addition, the US energy bill envisions an emissions cap and trade system that will finally price carbon in the US. The effects of all this will be so profound that some people believe it may herald the arrival of peak oil demand rather than peak oil supply
“Israel and the Palestinian side agree to cooperate concerning the production of oil and gas in the cases of joint geological structures.”
Imports and supplies all of the oil products in the Palestinian Authority
Energy production or conversion by individuals to operate their own plants or equipment
Israel and Palestine agree to establish an Israeli-Palestinian committee for economic co-operation, focusing, among other things, on the following: Co-operation in the field of energy, including an energy development program, which will provide for the exploitation of oil and gas for industrial purposes, particularly in the Gaza Strip and in the Negev, and will encourage further joint exploitation of other energy resources. This Program may also provide for the construction of a petrochemical industrial complex in the Gaza Strip and the construction of oil and gas pipelines.
Mining at the surface rather than underground. Coal, iron ore, and phosphates are often extracted by opencast mining
Gasoil or diesel fuel has a density of about 0.75 kg/liter, so 1000 kg will be 1333 liters which is 350 gallons. Thus to convert the price of gasoil in cents per gallon to dollars per ton one needs to multiply the price by 3.5