Energy

$200 Oil Is Coming

200-dollar-oil-is-coming-by-james-quinn-seeking-alphaBelow is a very interesting article about the world oil supply and demand by James Quinn. He talks about the last oil crisis and he thinks the next oil crisis is around the corner. The world demand for oil is growing and the supply of oil is decreasing, resulting in increases in oil prices. The U.S. government better do something to slow down the demand for oil, or oil prices will skyrocket sooner than you think — but wait, or is the U.S. government already too late? Click on the link(s) below to read James Quinn’s analysis and theory.

$200 Oil Is Coming While We Waste a Perfectly Good Crisis (Part 1)

$200 Oil Is Coming While We Waste a Perfectly Good Crisis (Part 2)

$200 Oil Is Coming While We Waste a Perfectly Good Crisis (Part 3)

Huge Electric Bill

My last electric bill from Con Edison was $97.34, the highest ever for a single month period. Since I have my electric bill payments automatically deducted from my checking account, I usually don’t look at the statements. But this time, I wanted to take a look at why the bill was so high.

There are two sections on the bill, one is the supply charges and one is the delivery charges. My supply charges was for a total of $48.94. Then there’s a delivery charge, for a total of $44.66. Add a sales tax of 4%, for a total of $3.74. The electric bill comes to a total of $97.34.

I wonder why my electric bill was so high. It was more expensive than many bills with a larger household size. For example, my parents electric bill with a household of 4, averages around $60 a month. I also live in a smaller apartment.

I called up Con Edison and question why my electric bill was so high, even compared to larger family sizes. A lady from customer service answered my call. Initially, she told me that what I saw on my bill is what I was charged for. Talk about being helpful, the customer service felt like a robot to me. And then she told me that different families have different electric usage. So, I asked if I can find out what is consuming so much power in my apartment. She told me that it could be because of my air conditioner, refrigerator, TV, etc.

I wasn’t satisfied with the answer. Then she asked me to fill out a questionnaire over the phone to see estimate what my monthly usage is. It didn’t really help at all. Finally, she told me that she would send me a guide to help me save energy at home. I didn’t think that will help me get to the heart of the problem. What I really wanted was that they send someone to my home to analyze the situation. In any case, the lady was not helpful, and she was rather impatient. I thought it would be better if l try to figure out the problem by myself.

In addition to the TV, refrigerator, and the usual appliances, I usually leave my computer on without turning it off. That may be one reason why my electric bill is so high. However, leaving my computer on, was something I have been doing for years, so that should not be the reason to why my bill had spiked up. My second guess was the 300W halogen lamp in my apartment. I was told that the halogen lamps consume a lot of energy, but I have a dimmer on it, so I always try to use the low settings.

Even then, I find it surprising that I consume more electricity than bigger families. I live in a small studio apartment in NYC, about 250 sq feet. I am usually not at home, so I don’t think I use that much electric power.

I can try to change my halogen lamp to a more energy efficient one and see if that will have an impact on my bill. And I will set my computer to sleep mode after there is no activity for some time.

A copy of my bill

coned-bill-june-2008.jpg
Electric Rates
My current supply rate is 12.9020c/kWh.
My current delivery rate is 7.9356c/kWh.

What are your supply and delivery rates?

Business Idea #2: City Naps

I came up with this idea while I was walking to work one day. I was tired and half asleep, and I thought, “Wouldn’t it be great if I could just take a nap here?” Then I said, “Hey, may be if we have a place for people to take a nap in the middle of the day, it would be great!”

In some countries, companies have what they call a power nap. Employees can nap for around fifteen minutes during lunch break and the nap helps them refresh themselves. The nap time may be short but it is potent. Fifteen minutes can help go a long way.

In the city that never sleeps, New Yorkers are often derived of rest, which means people often has less sleep than necessary. Insufficient sleep causes fatigue, tiredness, hallucination, and increases chances of mistakes at work.

Business Model
My idea is to create a comfortable environment with nap stations where people can lie down and take a nap. The napping stations will have a variety of “sleep” music and a “smart” alarm to wake the person. The “sleep” music will help relax the person’s mind and body, help remove the stress and ease the person to a soft gentle rest, and when the sleep time is over, the “smart”  alarm will wake the person with small vibrations or soft music.

Scenario
John is very tired at work and did not get enough sleep last night. During his lunch break, he walks over to City Naps and picks a Nap Station. He sets the alarm for fifteen minutes and lies down for a nap. The soft music helps him ease into his sleep. Fifteen minutes later, the alarm sounds gently and wakes him up. John feels recharged and returns back to work.

Business Implementation
This business would require a lot of retail space and equipment. The price for each Nap Station use has to be priced low enough to attract customers.

Update:
I did a search on Google and saw that someone else has already implemented this business idea. It’s called MetroNaps (http://www.metronaps.com).