On Dec. 23, 1973, cars formed a double line at a gas station in New York City. The Arab oil embargo caused gas shortages nationwide and shaped U.S. foreign policy to this day.
Leon Mill spray-paints a sign outside his Phillips 66 station in Perkasie, Pa., in 1973 to let his customers know he's out of gas. An oil crisis was the culprit, squeezing U.S. businesses and consumers who were forced to line up for hours at gas stations.
Originally published on Sun October 20, 2013 8:31 am
Forty years ago this week, the U.S. was hit by an oil shock that reverberates until this day.
Arab oil producers cut off exports to the U.S. to protest American military support for Israel in its 1973 war with Egypt and Syria. This brought soaring gas prices and long lines at filling stations, and it contributed to a major economic downturn in the U.S.
The embargo made the U.S. feel heavily dependent on Middle Eastern oil, which in turn led the U.S. to focus on instability in that region, which has since included multiple wars and other U.S. military interventions.
Florida Power & Light customers will pay nearly $43.5 million next year for nuclear-power projects, including $16.2 million for a plan to eventually build two new reactors in Miami-Dade County, state regulators decided Tuesday.
The project costs will have relatively little impact on customers' monthly bills. A residential customer who uses 1,000 kilowatt hours of electricity a month will pay about 46 cents.
Mississippi Power's Kemper County energy facility near DeKalb, Miss., seen under construction last year. Carbon dioxide will be captured from this plant and used to stimulate production of oil from existing wells.
Credit Rogelio V. Solis / AP
The gasifier facility, still under construction last year at the energy plant. Under the EPA's proposed rules, new plants that run on coal would have to find ways to emit less than half the carbon dioxide current coal plants emit.
The Environmental Protection Agency's second stab at a proposal to set the first-ever limits on greenhouse gas emissions from new power plants would make it impossible for companies to build the kind of coal-fired plants that have been the country's biggest source of electricity for decades.
Under the proposal, released Friday, any new plant that runs on coal would be permitted to emit only about half as much carbon dioxide as an average coal plant puts into the air today.
We are burning less gasoline. That may sound strange but Floridians have less of a thirst for gas.
Some of the drop can be blamed on the slower economy since the Great Recession, but also we are driving more fuel efficient cars and trucks. Except for a three-year period (2004-2006) the volume of gasoline Florida drivers are buying has fallen from its high in 2002.
Part one of FPL's pipeline project would stretch from Alabama to a hub just south of Orlando. Part two would continue on to Martin County. State regulators could approve the project before the end of the year.
Hundreds of miles of proposed pipeline may begin pumping natural gas between Southwest Alabama and Martin County, Florida within four years if Florida Power and Light (FPL) gets the okay from state regulators.
Click play to hear Tom Hudson host this episode of WLRN's ongoing radio and online series, The Sunshine Economy, airing Mondays at 9:00 a.m. on WLRN 91.3 FM.
Flip a light switch, turn the ignition key or hit the start button. These are actions most of us do several times each day without thinking about where the power is coming from. Florida may have plenty of sunshine but it doesn't have any substantial supply of fossil fuels. And fossil fuels still power much of our lives.
Five years and more than $650 million into refurbishing and building nuclear reactors, Florida Power & Light officials told regulators Monday that it can’t guarantee what new reactors will cost consumers, when the reactors will deliver energy, or even if it will get a license to finish the job.
Despite the uncertainty, the state’s largest electric company asked regulators to allow it to continue to charge customers to pay for the prospective expansion of the Turkey Point plant on Biscayne Bay in south Miami-Dade County.
Florida customers of Duke Energy should expect to pay more next year for nuclear projects, even as the company reduces its planned nuclear footprint.
Meanwhile, Florida Power & Light, which has recently completed upgrades of two nuclear facilities, will lower the amount it collects for nuclear projects. For a homeowner who uses 1,000 kilowatt hours of power a month, that will save $1.17.