Posted June 1, 2008 - 02:59 by Philip Brewer
Frugal Living, Lifestyle, Cars and Transportation
Rising fuel costs are hard on everybody, but one group gets hit especially hard: Rural folks--especially rural folks who work in town. On my previous posts on expensive fuel, commenters have said that, even after doing all the stuff I talked about, they still can't make ends meet. They've got a point.
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Posted May 9, 2008 - 05:15 by Philip Brewer
Budgeting, Cars and Transportation
I don't know if energy costs will keep rising. Nobody does. Even with recent growth in China, India, and elsewhere, the US still consumes 25% of the oil produced world-wide, so a severe recession in the US could easily cut total demand enough to bring the price down. Recession or not, I think the medium-term trend in energy costs is up. Just in case I'm right, you ought to have plan for that.
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Posted August 20, 2007 - 16:25 by Philip Brewer
Frugal Living
They key problem with energy is that it's really hard to store--it's tough to buy energy now and use it later, and most energy storage techniques lose a large fraction of the energy they start with. The only really efficient way to store energy is to go ahead and use it to create something of lasting value: invest in things that embody stored energy.
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In my recent post Plan for expensive fuel, I mentioned sustainable fuels in a somewhat dismissive fashion. I'll have more to say about that eventually, but in the meantime, I wanted to link to Rolling Stone magazine's excellent article on the limitations of ethanol as a replacement for fossile fuels:
Continue reading "Rolling Stone article on ethanol"
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Does your budget include a contingency for fuel to get much more expensive? Because it ought to.
I learned about the need for contingencies early. My first attempt at setting up housekeeping took place in 1980-1981, right at the peak of an inflationary spurt that saw the consumer price index grow at 14%. My budget was completely destroyed by prices that went up by more than 1% per month.
So what's your contingency for a spike in fuel prices?
Continue reading "Plan for expensive fuel"
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