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- Info
Thermal energy, electricity, and fuels from wood
| Author: |
Zerbe, J. I. |
| Date: |
2006 |
| Periodical: |
Forest Products Journal |
| Link: |
http://www.fpl.fs.fed.us/documnts/pdf2006/fpl_2006_zerbe001.pdf
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| Abstract: |
In July of 2005, U.S. airlines were losing money. Some were in bankruptcy or on the verge of bankruptcy. The world’s Number 1 auto producer, General Motors, was losing money and market share. By the end of the month sales had set records, but this was mainly because of costly sales incentives. The U.S. dollar that had been at a high point of $1.29 in exchange for the euro on January 13, 2004 was worth around 83 euro cents. Oil prices had just gone to a record level of over $60 per barrel. This does not mean that the world’s Number 1 economy is headed for disaster, but it is symptomatic of a problem of too much depend-ency on foreign oil imports. |
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