The summer of our discontent

August 9, 2022

Home » The summer of our discontent

We have all experienced pain at the pump this summer. It appears that many unforeseen circumstances contributed to this most recent spike in oil prices—increased travel demand, Russia’s invasion of Ukraine, and a world that discourages new fossil fuel exploration.

This isn’t the first time our nation has felt the stress created by high fuel prices. For those of you who were not yet on the planet, America experienced an oil crisis in 1973. In October of that year, the Organization of the Petroleum Exporting Countries (OPEC) announced an oil embargo to punish nations, including the United States, that supported Israel during the Yom Kippur War. The embargo lasted until the following March. During that time, the price per barrel of oil quadrupled from $3 to $12. While that doesn’t seem like a lot to those of us used to $100+ per-barrel prices, it was a major shock at the time.

Not only was fuel more expensive, it was also in short supply. Long gas lines appeared ev ....

Other Transport News

Solar-powered e-truck sets new altitude record

A team of explorers– the Gebrüder Weiss Peak Evolution Team– followed through on effectively setting a new world elevation record for electric cars after driving an electrical truck to an altitude of 6 500 m above water level, mid-December. The group increased to the western ridge of Ojos del Salado, in Chile– the highest active volcano on Earth– in their truck powered solely by solar energy.

read more

Sanral to resume road tenders under interim procurement policy

The South African National Roads Agency Limited (Sanral) will on November 29 resume procurement for roadway construction projects, with 86 tenders to be promoted. CEO Reginald Demana has actually revealed that the roadways company is resuming organization after tenders worth billions of rands were stalled owing to a legal impasse in between Sanral and some building business over the entity’s preferential procurement policy (PPP).

read more

RFA, SAAFF, Hume reiterate concern about South Africa’s logistics performance

Representative organisation the Road Freight Association (RFA) emphasises that the wear and tear of South Africa’s ports and rail has been a sluggish, continued procedure over at least ten years, which management of State-owned entity (SOE) Transnet and its subsidiaries have actually been totally knowledgeable about the obstacles, and continually informed of these, by both structures within their particular organisations and the economic sector. “Nothing was done to counter this– neither to reverse, nor hold the decline. The executives, management and Ministers who have ‘led’ public business (State assets and the management thereof) and the different subsidiaries of Transnet, are the ones to blame,” RFA CEO Gavin Kelly presumes.

read more

Electric 4 × 4 enters production

Scotland-based automotive manufacturer Munro Vehicles revealed the completion of the first pre-production model of its white Series-M energy all-electric 4×4 earlier this month. The car is a hard-top five-seater and leaves the factory in East Kilbride ten months after Munro revealed the MK 1 prototype design in Edinburgh in December 2022.

read more

Solar-powered e-truck to conquer world’s highest volcano

Transport business Gebrüder Weiss has actually dispatched an advanced solar-powered e-truck and exploration equipment to Chile, by sea freight, with the intent to help a group attempting to reach the summit of the world’s greatest volcano, Ojos del Salado. Gebrüder Weiss is the group’s primary sponsor and logistics partner, and if the group reaches the summit, this would be a brand-new world record, as no car on the planet has ever climbed that high.

read more

Self-lubricating bushings transforming side-tipper landscape

A prominent South African side-tipper truck manufacturer has actually significantly raised its monthly orders for South African bearings producer Vesconite Bearings’ self-lubricating bushings, which Vesconite advancement engineer Tristen Wintershoven states, “showcases the producer’s rely on Vesconite’s items, however likewise signals a basic shift in the sector’s procurement standards”. He attributes this considerable development to the business’s “exceptional performance, as well as the self-lubrication products’ exceptional dimensional stability”, which he states has placed it as the preferred choice, and enabled it to go beyond standard materials like nylon and bronze.

read more

South African export route to Mozambique shut as violence erupts

The road leading to South Africa’s main border with Mozambique, a crucial export path for coal and chrome, was closed on Friday after clashes between truck motorists and minibus taxi operators who ‘d been marshaling the queue of traffic near the border, which often goes for miles. Truckers apparently torched vehicles belonging to the taxi marshals, said Moeti Mmusi, representative for the Mpumalanga Department of Community Safety, Security and Liaison. The marshals had actually because June been attempting to bring order to the Lebombo highway crossing that is typically completely gridlocked, with motorists marooned for days waiting to go into Mozambique from South Africa’s Mpumalanga province.

read more

Africa must do more to advance its own development – Manuel

Africa’s organization sector and federal governments should press harder in dealing with the challenges facing the continent, as the most significant danger to its advancement is complacency, said insurance coverage and financial investment management business Old Mutual chairperson and former South Africa Finance Minister Trevor Manuel. "" Economic growth of Southern Africa this year is expected at 2.5% and might go higher in time. The group dividend recommends that the population is growing faster than the economy is growing.

read more