Best of the Blogs, Energy: Shell Makes $550 Million Deal With Family of Late Billionaire Dan Duncan
Plus, New Natural Gas Wealth Means Historic Change for Israel
"'If it's played right, it's an economic opportunity for Israel, in public health and environmentally,' says Brenda Shaffer, an expert on energy policy and management at the University of Haifa. But she strikes a note of caution, especially because the enormous size of Israel's energy prize has led, inevitably, to planning for sale of natural gas abroad. 'Energy export is always a two-headed sword,' Shaffer says.
"'This is going to change the overall way of the economy of Israel,' says Shaul Zemach, director general of Israel's Ministry of Energy and Water Resources. 'It's like a domino-it's going to have a domino effect on all of the markets.' Quite simply, he said, it's a 'game changer.'"
Wall Street Journal: Driver's Seat
Link: Gas Prices Creep Upward After Weeks of Steady Decline
"If the price of gas seemed a little high toward the tail end of your July 4 road trip, it wasn't your imagination. After declining for several weeks the price of a gallon of gasoline is rising.
"The average price per gallon for regular gas is $3.38 compared with $3.33 a week ago, according to travel group AAA. The change continues what has been an unusual year for fuel-pricing trends. Gasoline in the US typically gets more expensive with the approach and arrival of the summer driving season, which begins around Memorial Day. But this year the price peaked over $3.90 in April and has been falling ever since."
Link: EVs do more environmental harm than good, author argues
"A visiting scholar at UC Berkeley has published a book that argues that electric vehicles hurt the environment more than they help it and that EVs are more of a marketing symbol than a way to cut greenhouse gas emissions, Wired reported.
"Zehner, a former General Motors (GM) employee, also argues that EV prices aren't likely to fall much further because the technological advances related to their production have already been achieved. The book casts a vote for public-transportation improvements as a better way for governments to help the environment than funding electric-drive technology."
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