FuelClub Discount

Last month the Wall Street Journal accused me of advocating subsidies for food-based ethanol. I ought to “take a vow of embarrassed silence,” it said, for claiming that ethanol’s contribution to the food crisis is “overblown.” The Journal’s claims would be laughable if the stakes were not so high.

Cellulosic biofuels offer a chance to have an environmentally meaningful impact on petroleum use while benefiting farmers, entrepreneurs and consumers. I have many investments in biofuels companies. Some say I believe in biofuels because I have invested in them. The truth is that I invest in biofuels because I believe they can help our environment, economy and national security.

Just as the word “drug” can refer to aspirin or cocaine, “biofuel” refers to a variety of products that vary dramatically in their environmental impact and effects on food prices. For instance, biodiesel from food oils such as soybean or palm oil has traditionally created environmental negatives. But corn ethanol has been a stepping stone to cellulosic ethanol, a preferred alternative that is likely to achieve unsubsidized market competitiveness with oil within a few years.
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General Motors Corp said on Wednesday it was partnering with Clean Energy Fuels Corp on a new hydrogen refueling station in Los Angeles that the companies hope will be the first of many.

GM is one of a handful of car companies developing fuel cell-powered vehicles, which run on hydrogen and emit only water vapor. Fuel cell vehicles are being touted as a way to reduce greenhouse gas emissions and reduce the United States’ dependency on pricey crude oil.

In a statement, the two companies said they are discussing opportunities to expand the first station, which will be located near Los Angeles International Airport, into a network of hydrogen stations used to refuel fuel cell vehicles.
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Royal Dutch Shell Plc expects “significant impact” on the supply of gasoline to its service stations as tanker drivers, who deliver to 10 percent of the U.K.’s filling stations, are set today to begin a four-day strike over pay.

The Unite union, representing 641 drivers, failed to reach agreement with Shell subcontractors Hoyer GmbH Internationale and Suckling Transport Ltd., union spokeswoman Pauline Doyle said in a telephone interview yesterday.

Shell, which is not involved in the pay negotiations, said supplies to its filling stations would suffer and that it has teams working to ensure that as much fuel as possible gets through to customers.
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US Airways said it is canceling the leases on aircraft scheduled for delivery, charging for checked baggage, introducing a new in-flight beverage program and increasing fees associated with employee guest and parent travel programs.
“Our industry is profoundly challenged by the dramatic increase in fuel prices, and we must write a new playbook for running a profitable airline in this new and challenging environment,” Chairman and Chief Executive Doug Parker said in a news release.

The airline said jet fuel costs have nearly doubled in the past year, driving up annual energy expenses by $1.9 billion. The company reported a profit of $427 million last year. But fuel now accounts for 39% of total expenses; it was 14% in 2000.
Roughly 300 pilots, 400 flight attendants, 800 airport employees and 200 staff members will be eliminated from the company’s ranks, US Airways said.
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Democratic presidential candidate Barack Obama sought to tap into Americans’ anxiety over high gasoline prices by pledging to seek a windfall profits tax on U.S. oil companies if elected.
“I’ll make oil companies like Exxon pay a tax on their windfall profits, and we’ll use the money to help families pay for their skyrocketing energy costs and other bills,” the Illinois senator said on Monday according to Reuters.

On Tuesday, the big oil companies with the help of Senate Republicans showed the nation who’s boss. The Senate slapped aside an energy package that would have imposed a 25% tax on unreasonable profits on the five largest oil companies who squeezed a staggering $36 billion profit out of consumers pockets this first quarter, it would have given government the leeway to address oil market speculation, opened the way for antitrust actions against the OPEC oil cartel (the forever oil lobby and administration stymied NOPEC legislation) and made energy price gouging a federal crime.

In doing so, Congress has once again shown how out of touch it is with the feelings and desires of its constituents for forceful action. And once again this administration, together with the oil lobby, has been the cheerleader for the vested and powerful interests of the oil industry.
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Most would agree that the current petrol price is a bit of a rip-off — now some motorists are repaying the favour by stealing fuel.

A KwaZulu-Natal pump attendant was injured when a motorist ran over him while speeding away from an Empangeni petrol station without paying on Tuesday evening.

Peter Morgan, the chief executive of the Fuel Retailers’ Association, said the incident was not isolated.

“There have been about 10 similar incidents over the past month,” he said.

“Every motorist is feeling the same pain. It is not isolated to one province. As soon as fuel prices increase, motorists fill up and speed off.
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