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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Honeywell to test biofuel for jets
Hydrocarbon AlternativesPhoenix-based Honeywell Aerospace has formed a partnership with Airbus, JetBlue Airways and others to find a way to make jet fuel from renewable sources, such as algae and a hearty arid plant called jatropha.

The technology could help break the airline industry's tie to high-cost fossil fuels, leading to more profitable operations and lower fares. It also could help temper global warming by reducing greenhouse gases emitted by aircraft.

The green fuel will be tested in Phoenix in an auxiliary power unit made by Honeywell. The small turbine engines provide electricity to the aircraft when the main engines are off. Honeywell Aerospace has been working on developing engines that burn alternative fuels.

Arizona Republic

Posted on Friday, May 16 @ 12:06:28 PDT by waegari
 
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