Eco20/20

April 29 (Bloomberg) -- Billionaire energy investor Boone Pickens, founder and chairman of BP Capital LLC, speaks at the Milken Institute Global Conference in Los Angeles about the outlook for oil, U.S. energy policy, and alternative energy including wind and solar power. Brian Sullivan moderates. (Source: Bloomberg)

When it comes to tapping energy from the ocean, off-shore oil rigs are often what comes to mind. But the ocean itself is proving to be an efficient and environmentally friendly source of energy.

In four years, U.S. gas prices have doubled to more than $3.70 a gallon, and crude oil has tripled to around $125 a barrel. Allowing for inflation, that's higher than prices were during the 1978-83 oil shock that triggered a recession and sky-high interest rates. But . . .

If the U.S. moved aggressively to start harnessing the solar power it receives daily, it could generate enough clean energy to meet the country's needs many times over, according to a new report from Environment Florida.

For students from Hocking College's alternative energy and vehicular hybrids program spending the quarter on the Andros Island in the Bahamas was no spring break. Applying what they have learned about wind, solar thermal, solar PV and micro-hydro power systems, their goal was to make the village of Forfar totally self-sustainable.

A new lobbying firm for the group opposing a wind farm off Cape Cod filed a federal document last month reporting that its work for the Alliance to Protect Nantucket Sound is partially funded and shaped by an international energy conglomerate.

In this small region of Nigeria known as the "south-south," something huge is happening. The adverse effects of oil exploration have been unfolding in the Niger Delta for the past 50 years. Now, the people have had enough. From environmental activism to peaceful protest to stakeholder dialogs, nothing has worked. A new brand of militancy has emerged in a different kind of attempt to call attention to the desperate poverty and injustice.

News flash: Terrorists sink an oil tanker, blocking the vital Bosporus Strait. Oil rockets to $160 a barrel and gasoline to $5 a gallon in the United States. What can keep the globe's biggest oil-guzzling economy from running dry?

In 2000 a Saudi oil geologist named Sadad I. Al Husseini made a startling discovery. Husseini, then head of exploration and production for the state-owned oil company, Saudi Aramco, had long been skeptical of the oil industry's upbeat forecasts for future production. Since the mid-1990s he had been studying data from the 250 or so major oil fields that produce most of the world's oil. He looked at how much crude remained in each one and how rapidly it was being depleted, then added all the new fields that oil companies hoped to bring on line in coming decades. When he tallied the numbers, Husseini says he realized that many oil experts "were either misreading the global reserves and oil-production data or obfuscating it."

The disconnect between peak oil concerns and the presidential race is almost total. As prices at the pump rise, each candidate is now talking about their so-called solutions to the problem. Despite clear new warning signs from Russia, Saudi Arabia, Mexico, and Nigeria that peak oil is nigh, the candidates remain unwaveringly oblivious to the true causes of rising fuel prices, preferring instead to dwell on irrelevant-actually, counterproductive-measures like suspending the federal gas tax during the summer months or taxing Big Oil. This is akin to putting a band-aid on a melanoma.

Sunrgi, a Hollywood-based start-up, came out of stealth mode this week claiming it can collect twice as much sunlight as other photovoltaic designs and convert it to electricity for 5 cents a kilowatt-hour, on par with fossil fuels.

VW has been talking for a long time about its L1 concept, so called because it uses a measly 1 liter of gasoline to go 100 km. For us Americans, that translates to about 230 miles per gallon.