Gasoline Shortages Continue On Friday
From NBC:Gas stations in three East Coast states ran out of fuel on Thursday as gas prices soared. Shortages were reported in Delaware, New Jersey and Pennsylvania starting on Thursday afternoon. They could last as long as 30 days.
This is only indirectly related to hydrocarbon depletion. It links moreso to a changeover to ethanol mixed fuel. I am really not sure that ethanol is a good source of real energy when you take into account the fertiliser needed to grow the plants to ferment into ethanol. (C2H5OH aka Alcohol).
One issue I have left alone for a while is oil depletion. There does seem to be a gradual movement internationally towards recognising the realities of depletion. The government's chief Scientific Officer was looking at the issue.
I have been trying to pin down the gas situation for the winter coming. As usual it will depend primarily on the weather, but there are issues. The long term issue is one of paying for the gas. This winter, however, there remain practical physical supply constraints as well. Capacity goes up by about 40 mcmd on 1st Dec 2006. However, we encounter our usual supply issues there. I am also not sure what the situation is in terms of physical supply as you go away from the Dutch and Belgian coasts. I will post more on the gasissues blog once I have got some clarity as to what is exactly the situation.
The US $3 per gallon compares to $8 in Norway.