STANFORD UNIVERSITY —”Oil is ammunition,” read a World War II poster encouraging conservation. That message is just as appropriate today, according to John Warner, the former five-term senator from Virginia. The United States must reduce its consumption of fossil fuels not only for environmental reasons, but to improve its economic and national security, said Warner [...]
Tag Archive 'oil'
STANFORD GRADUATE SCHOOL OF BUSINESS — It was the wildest of wild rides. In mid-January of 2007, crude oil futures on the NYMEX Exchange closed at $52 a barrel. Eighteen months later, a relentless climb had pushed prices to an all-time, inflation-adjusted high of $145 a barrel. World markets panicked, and analysts predicted that we’d [...]
STANFORD UNIVERSITY — Storing massive amounts of carbon dioxide underground in an effort to combat global warming may not be easy to do because of the potential for triggering small to moderate earthquakes, according to Stanford geophysicist Mark Zoback. While those earthquakes are unlikely to be big enough to hurt people or property, they could [...]
From Stanford Report STANFORD UNIVERSITY— Passions run high where oil is concerned. Witness the tumult over the BP drilling disaster in the Gulf of Mexico. But much of the public discussion about oil has been long on emotion and opinion while short on scientific fact, a state of affairs that Steven Gorelick, a professor of [...]