Gasoline now $3.45 in most places here

"Here" being Reidsville, North Carolina and the surrounding area.

It will likely hit $4 per gallon or thereabouts by the end of the week. And this month might end with it averaging $5 a gallon, depending on how the situation in Libya goes.

I haven't said anything about Libya yet on this blog. But for those who are curious: I don't see any good outcome. Kadaffi (or however you spell his name and I've heard there are about a hundred English translations) is a nutcase and a half enforcing his private little fantasy world with lots of guns and missiles and probably chemical weapons... but if he goes down in what can only be called civil war at this point, look for the Muslim Brotherhood-type that we just saw running the show in the Egyptian revolt to take charge.

And then things start to get interesting.

(I would also - not to put too fine a point on it - advise keeping an eye on Saudi Arabia in the near future.)

Two other factors that are ramping-up the price of fuel: the official stance by the executive branch of the United States federal government to disprove of increased deep-water drilling. And, something that I've talked about a few times already on this blog: that this country needs more oil refineries. That is more a bottleneck than most people realize, but there haven't been any new refineries built in quite some time. Without that, whatever increased petroleum production we might have becomes a moot thing.

I'm due to take a trip early next month. It'll be a long drive. Here's hoping that the pumps between here and yonder won't be seven bucks and change. The way things are going now, I wouldn't doubt it.

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Kevin Costner's invention could clean up BP oil spill

Before anything else in this post, I'm gonna get this off my chest: I've never understood why Waterworld has such a bad rap. I saw this movie during its first week in theaters in 1995 and thought it was pretty good. Not overwhelmingly "excellent", and the science behind it is atrocious (namely that there isn't enough water in the polar caps to cover the Earth's surface if they melted) but Waterworld was still a great action flick that has only gotten better with age.

Anyhoo, that photo is Kevin Costner at the till of his vessel in Waterworld... and not Kevin Costner at the controls of his very own real life invention: the "Ocean Therapy" water cleansing system. Who'da thunk that all this time he was making Waterworld, Robin Hood: Prince of Thieves and Open Range, that Costner was also working behind the scenes with millions of dollars of his own money to develop the system?

Well, it now looks like Kevin Costner's innovation is going to come to the rescue of the Deepwater Challenger oil leak in the Gulf of Mexico. New York Daily News has the story...

Could there be a happy Hollywood ending to the Gulf oil spill?

Enter "Waterworld" star Kevin Costner, who has spent years and millions of dollars perfecting a device that cleans oil from seawater.

British Petroleum - desperate for ideas - gave the okay to test six of Costner's gizmos this week, said BP Chief Operating Officer Doug Suttles.

Costner's high-speed centrifuge machine has a Los Angeles-perfect name: "Ocean Therapy."

Placed on a barge, it sucks in large quantities of polluted water, separates out the oil and spits back 97% clean water.

"It's like a big vacuum cleaner," said Costner's business partner, Louisiana trial lawyer John Houghtaling.

"The machines are basically sophisticated centrifuge devices that can handle a huge volume of water," he said.

The "Field of Dreams" star first got a team together to create the device in the wake of the 1989 Exxon Valdez spill in Alaska.

His scientist brother, Dan Costner, helped develop the device, and together, the brothers formed Costner Industries Nevada Corp. to pursue various energy projects, including a non-chemical battery that could last 15 years.

The 55-year-old actor eventually sank $26 million into the Ocean Therapy oil separator project. He obtained a license for the device from the Department of Energy in 1993 and has been trying for years to promote it.

In 2007, he told London's Daily Mail that he had blown millions on "technologies I thought would help the world" and had nothing to show for it.

"I've lost $40 million-plus," he said. "But I knew that if I was right, it would change things in an incredibly positive way."

Last week, he was in Louisiana seeking redemption, demonstrating his Ocean Therapy contraption.

"I'm just really happy that the light of day has come to this," Costner said.

Though reporters largely greeted his ideas with snickers, BP apparently wasn't laughing.

At least 210,000 gallons of oil per day is gushing into the sea from the ocean floor where the BP rig exploded April 20. The oil company has tried several novel solutions, but none has worked so far to plug the leak.

The company is skimming the oil, spraying it with dispersant chemicals underwater and trying to burn it on the surface.

Nineteen percent of the Gulf's lucrative fisheries are closed, billions of beach tourist dollars are at stake and dozens of seagoing species are threatened.

Costner has 300 of his Ocean Therapy machines in various sizes. The largest, at 21/2 tons, is able to clean water at a rate of 200 gallons a minute - faster than the well is leaking, Houghtaling noted.

WOW!! This sounds like it could probably do a heap o' good. Gotta give Kevin Costner bigtime props for actively applying his mind and resources toward solving a problem like this. If ya ask me, that is what old-fashioned American ingenuity is all about :-)

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Russia drilling for oil off Florida coast?

"In Russia we drink YOUR milkshake comrade!"

That's the speculation from Investor's Business Daily. In recent days it has come to light that two Russian submarines have been found patrolling off the American coast. And now Russia is signing contracts with Cuba to develop the oil and natural gas fields in the Atlantic Ocean and the Gulf of Mexico... which have thus far gone untapped by United States-based industry because of legislation stifling such drilling.

It kinda boggles my mind that distant Russia would be going after petroleum reserves just a few hundred miles away from here. Anyway, it's an intriguing enough read to bring to y'all's attention.

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