The Essential Fuel Prices at 34 Year High!

[boedicca]

Oil, Shmoil.

The real inflation worry is COFFEE BEANS!!!!!

Prices are a 34 year high!

That morning cup of coffee is going to cost you more.

Coffee prices are at a 34-year high — $3 a pound.

Yet coffee drinkers plan on grinding out the extra cash because they need that cup of Joe, CBS 2’s Pamela Jones reports.

“I like the taste of it. It keeps me up,” medical student Linda Russo says.

In countries like Ethiopia, people can’t do without it....

Say It Ain’t So, Joe: Coffee Prices Hit 34-Year*High « Say It Ain’t So, Joe: Coffee Prices Hit 34-Year High « CBS Chicago

 

[RGR]

Oil, Shmoil.

The real inflation worry is COFFEE BEANS!!!!!

Prices are a 34 year high!

My solution for increased gasoline prices works here as well. Drink less. Certainly I drink none, and coffee price inflation doesn't bother me in the least. Smelly stuff....just to enrage your sensibilities, I think I shall begin a petition for it to be taxed to 500% its current price, just to reduce America's import imbalance.

 

[boedicca]

Heathen.

Coffee IS GOD!

 

[waltky]

How we will power the United States in 2035?...

No big shifts to nation's energy supply by 2035, report says
5/1/2011 - Government says the U.S. will still rely heavily on nonrenewable sources

The current energy landscape is rife with contradictions: Gas prices are shooting up, renewables are being implemented at a seemingly rapid pace, natural gas is being simultaneously demonized and hailed as an energy savior, and electric cars are finally starting to roll off production lines. Fortunately, your tax dollars fund a government agency devoted to making sense of energy. The U.S. Energy Information Administration explains the gritty details of our energy future in its Annual Energy Outlook 2011, which has tracked our projected energy use all the way to 2035. Don't have the time to slog through its myriad charts and tables? We do. Read on for our abbreviated look at the report's most important findings.

Energy imports

In the future, we will rely less and less on oil giants like Saudi Arabia to feed our oil addiction. The EIA assumes that oil prices balloon to $135 per barrel and the real GDP grows 2.7 percent annually through 2035. In that case, energy imports will drop to 17 percent of total use in 2035 from 25 percent in 2009. This is thanks to increased biofuel use, headache-inducing prices at the pump (making people drive less), and better vehicle fuel-economy standards. We will still use more fossil fuels overall than we do today, but a larger portion of it will come from increased domestic production of natural gas.

Shale gas

Pretty much anyone concerned about climate change or water contamination doesn't think natural gas fracked from shale is a reasonable solution. But hey, our massive appetite for energy has to be satiated somehow, and bad consequences have never stopped us before. According to the EIA, shale gas production will grow nearly fourfold from 2009 to 2035 to 12.2 trillion cubic feet.

Coal

Another blow to clean energy advocates: Energy generation from coal will increase by 25 percent from 2009 to 2035, mostly because of increased use of existing capacity. Reading between the lines, that means the EIA doesn't expect much in the way of new clean coal plants — not that we expected much from clean coal, either. But get this: If energy companies and regulators decide that they aren't concerned about greenhouse gas regulations (like those from the EPA), 48 gigawatts of new generating capacity for coal-fired plants could be built by 2035, compared to the 26 gigawatts projected in the regular scenario. That's a lot of coal.

Renewable energy

 

[zzzz]

If all this rain does not quit in the Midwest (the corn belt) the farmers are not going to be able to plant corn and with the low levels of corn surplus expect continued rising prices for food. Corn is used in a lot of things not just feed for cows, chickens and pigs. May 6th is the key date. After May 6th, each week marks in decline in the bushels per acre. The fields are too wet to get equipment in the fields this week. And the way the weather is going we will probably have a drought this summer contributing to the yield decline. Along with fuel prices and everything else it looks like the fed will get their inflation they wanted. More than they expected it seems. Could we see Carteresque inflation numbers next year?

 

[RGR]

How we will power the United States in 2035?...

No big shifts to nation's energy supply by 2035, report says
5/1/2011 - Government says the U.S. will still rely heavily on nonrenewable sources

You appear to have answered your own question. So...why did you even ask it?

 

[PoliticalChic]

Oil, Shmoil.

The real inflation worry is COFFEE BEANS!!!!!

Prices are a 34 year high!

That morning cup of coffee is going to cost you more.

Coffee prices are at a 34-year high — $3 a pound.

Yet coffee drinkers plan on grinding out the extra cash because they need that cup of Joe, CBS 2’s Pamela Jones reports.

“I like the taste of it. It keeps me up,” medical student Linda Russo says.

In countries like Ethiopia, people can’t do without it....

Say It Ain’t So, Joe: Coffee Prices Hit 34-Year*High « Say It Ain’t So, Joe: Coffee Prices Hit 34-Year High « CBS Chicago

Kopi Luwak are robusta or arabica coffee beans which have been eaten by and passed through the digestive tract of the Indonesian Civet (family of Viverridae). Kopi Luwak process takes place on the islands of Sumatra, Java and Sulawesi in the Indonesian Archipelago.



"Kopi" is the Indonesian word for coffee and "Luwak" is local name of this animal which eats the raw red coffee 'cherries' as part of its usual diet. This animal eats a mixed diet of insects, small mammals and fruits along with the softer outer part of the coffee cherry but does not digest the inner beans, instead excreting them still covered in some inner layers of the cherry.



Locals then gather the beans -- which come through the 'animal stage' fairly intact -- and sell them on to dealers. It is believed that enzymes in the stomach of the civet add to the coffee's flavour through fermentation of some type.

Unroasted Arabica Kopi Luwak 1 Lbs. (454 gram)

Grade A Unroasted Arabica Kopi Luwak from Sumatera, Indonesia. After the drying process we separate the beans one by one & we only give you the best Arabica Kopi Luwak coffee beans.

The listed price already included for free shipping service, additional fee will apply for express shipping service.


Price: $112.00 That's for a pound!


So, which appealed to you less, the method of 'production,' or the price?

 

[waltky]

Obama gonna get us on the road to clean energy...

Obama: Clean Energy Key to Economic Growth
May 07, 2011 - U.S. President Barack Obama has renewed his call for pursuing clean energy sources, like biofuels and natural gas, to break the U.S. dependence on foreign oil while growing the economy.

Delivering his weekly address from a hybrid technology plant in the state of Indiana, Obama says in the short term, domestic oil production is growing, reaching its highest level last year since 2003. But the president says in the long term, the U.S. should be investing in clean energy technology and securing the jobs it will generate.

Obama says that he supports the nation living within its means in these difficult fiscal times, but says he refuses to cut investments in clean energy that will help the United States out-compete and out-innovate other countries.

In this week's Republican address, Massachusetts Senator Scott Brown praised the recent military raid on Osama Bin Laden's compound that resulted in the al-Qaida leader's death.

Videos

 

[Mr. H.]

I paid $320/barrel for my cup of coffee this morning.

 

[waltky]

Granny says, "Dat's right - it's dem greedy oil executives doin' it to us...

Big Oil execs hit back on tax proposal
May 12, 2011: Dragged before Congress as gas prices explode at the pump, oil executives mounted a vigorous defense of their business practices on Thursday -- pushing back against plans to eliminate tax breaks for the "big five" oil and gas companies.

All five executives acknowledged rising prices at the pump, but much of their testimony focused on the impact of a plan floated by Senate Democrats that would eliminate a raft of tax breaks for just the top five oil companies. Dubbed the Close Big Oil Tax Loopholes Act, the bill would eliminate tax subsidies for the five largest oil companies and direct those savings to pay down the deficit. Total deficit reduction: $21 billion over 10 years. Rex Tillerson, CEO of Exxon Mobil , called the tax proposal "misinformed," "discriminatory" and "counterproductive."

Shell President Marvin Odum also voiced opposition. "It can be tempting to assume that there is something to gain by taking more from a few," Odum said. "However, one must also balance the potential implications of increased industry costs on both supply and price." Also scheduled to testify before the Senate Finance Committee are Chevron CEO John Watson, BP America Chairman Lamar McKay and ConocoPhillips CEO Jim Mulva. The bill has virtually no chance of winning congressional approval, and analysts see it as a move designed to put Republicans on the defensive and capitalize on public anger over rising gas prices.

As for gasoline prices, the oil execs said they have little control over prices at the pump, and are instead at the mercy of fluctuations in the price of crude oil. "Everything from the weather to politics and the global economy determines the price of oil and the fuels made from it," Odum said in prepared testimony. "No one person, organization or industry can 'set' the price for crude oil." At its core, the hearing is pure political theater, a fact acknowledged by Republican Sen. Orrin Hatch, who called it a dog and pony show during his opening remarks. "This hearing should not be used to score cheap political points, but I am afraid ... that's what we are going to see here today," Hatch said.

Source

 

[uscitizen]

We pay over $500/bbl for bottled drinking water.