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FUEL TROUBLES * USA
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* Fuel costs push truckers toward brinkLincoln,ME,USA -Bangor Daily News (Bangor,ME), by Nick Sambides Jr -November 19, 2007: -- Record diesel prices that reached $3.65 per gallon Saturday are pushing logging truckers into a state of emergency that could imperil Maine’s entire forestry products industry... State officials expressed fear Saturday that runaway fuel prices could force independent truckers — the forest product industry’s connective tissue, as they haul fiber to mills from the woods — to abruptly shut down, sparking a larger crisis within the industry and the state... Gov. John Baldacci and other officials are investigating ways to help truckers stay on the roads over the winter, including temporary suspension of gas taxes and some hauling regulations and bulk fuel buying, said John M. Kerry, director of the state’s Office of Energy Independence and Security... Landowners, loggers, logging company and mill owners, and independent truckers who attended said fuel prices are forcing them into shutdown mode... Independent logging truck operators might be the first to fall because they are smaller, but that means only that the rest of the industry has a little more time. With mostly diesel-powered equipment, all face the same crushing economic burden... Relief options state officials are considering or pursuing include: ... (Photo by Gabor Degre/Bangor Daily News: Albert Raymond of Kingman gets the papers on a load of wood from crane operator Rick Irish after he loaded the truck with hardwood in Mulunkus Township Thursday morning. Raymond said that fuel prices are rising so high that owner operators like himself are getting close to losing money if they keep their truck running)
* Not Your Father's Oil Crisis - World heading for 3rd oil crisis in generation
New York,NY,USA -The New York Times -November 9, 2007: -- Crises of 1970s, 1980s caused by supply interruptions. Today's oil shock created by demand from developing countries... Demand from China, India predicted to double in next 20 years. Expected to equal today's imports of US, Japan by 2030... Oil prices up 56% in 2007, up 365% in last 10 years. Economists, oil business veterans say prices can't go up forever... Global demand forecast to rise to 115M bbl/day by 2030, taxing world's current supply... "These prices are too high and will end up hurting everybody, producers and consumers alike", said Fatih Birol, chief economist, International Energy Agency... Search for new sources underway, face long lead times, high costs. Often hampered by geopolitics, natural disasters...
Labels: fuel costs
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