Gas Prices: You Could Pay $10 A Gallon. Or Just 6 Cents. Why?

Green Car Reports

And you may thank your stars you're not in Asmara, Eritrea, where taxes What did you pay for gasoline the last time you filled up? If you're in the U.S., probably about $2.70 per gallon. But you may wish you were in Caracas, Venezuela, where enormous government subsidies cut the price to a ridiculous 6 cents per gallon. Yep, six pennies.

UOP, Masdar Institute, Boeing and Etihad Airways Establish Sustainable Aviation Biofuels Project Using Integrated Saltwater Agricultural Systems; Support from Global Seawater Inc.

Green Car Congress

An example of an ISAS operation: Seawater Farms Eritrea. Source: Dr. Carl Hodges. Click to enlarge. UOP LLC, a Honeywell company, the Masdar Institute of Science and Technology in Abu Dhabi, Boeing and Etihad Airways are establishing a research institute in Abu Dhabi—the Sustainable Bioenergy Research Project (SBRP)—that will use integrated saltwater agricultural systems (ISAS) to support the development and commercialization of biofuel sources for aviation and co-products.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

It is located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea. With Iran’s current threat to close the Strait of Hormuz in response to sanctions as a backdrop, the US Energy Information Agency issued an update to its “World Oil Transit Chokepoint” brief ( earlier post ), noting that “ Hormuz is the world’s most important oil chokepoint due to its daily oil flow of almost 17 million barrels in 2011, up from between 15.5-16.0

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