Severin Borenstein
Severin Borenstein
address daily requires sacrifices
There has to be a recognition (that) we need to address this even if it requires sacrifices by individuals on a daily basis.
improve money putting research
We should be putting that money into research and development to improve the technology.
gasoline swimming
We're swimming in gasoline right now. But this is not a sustainable level.
high market oil prices telling
Most of this is the world oil market, and the world oil market is telling us the prices are very high because there is a real shortage.
gas higher likely market natural next prices quite rates telling
Next year, we'll quite likely have rates higher than this winter. The futures market for natural gas is telling us that these prices are not temporary.
cities huge money price save shop within
The only way to save money is to shop around because even within cities there's still huge price difference, often 20 or more cents.
answer energy independence major oil using
The answer is pretty simple. We will never get to energy independence while we are using oil as the major fuel.
anticipate below brought california natural paying port
(Liquefied natural gas) can be brought into a port at well below what California is paying right now for natural gas, and what we anticipate paying for many years to come.
depends entirely increase
It could increase vastly, but it depends entirely on policy.
bankruptcy company court issue legal liability ongoing responsibility
I think that's a big issue that a bankruptcy court is going to have to confront. What's the ongoing responsibility of the company and what's the legal liability in the contracts.
becomes occur wealth
Unfortunately, sometimes you see big wealth transfers occur when something becomes scarce.
bad california definitely gasoline news wait
That's definitely bad news for the California gasoline market. We're going to have to wait and see how bad.
clean coal effort funding increase manhattan power solar
Clean coal does exist, but it's no more cost-effective than solar power. A 22% increase in funding is just not a Manhattan Project-type effort that we need.
gasoline high market oil
It's a world market for oil and that's why we have high gasoline prices.