On the same day the Obama Administration put the kibosh on the Keystone XL pipeline, two engineering contracts totaling $12.2 billion were awarded to two U.S. companies for work in the Alberta oil sands. One included a $750 million contract to a Chicago-based company for work on Exxon’s huge Kearl Oil Sands project, one of [...]
Will technology leapfrog depletion and save drivers from the cost of triple-digit oil? Every auto producer in the world has an electric car in the works; General Motors, of course, will start producing its Volt later this year. But in actuality, the car of the future is really a throwback to the past. In 1899, [...]
Buddy, my furnace repairman, tells me it’s time to buy a new furnace. And I’d better act quickly if I still want to order the old mid-efficiency model. In the New Year, I have to buy a high-efficiency one, which, of course, costs twice as much. Welcome to the brave new world of energy scarcity—it’s [...]