Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (12165)	5/20/2011 10:03:01 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 24225

The JODI oil production numbers came out Wednesday with the March data. The JODI database is not complete but I have figured a way around that problem. Only four major oil producers do not report their production to JODI. They are Gabon, Equatorial Guinea, Sudan and Syria. I have used EIA data for those four countries. Combined they produce about 1.37 mb/d, down from almost 1.5 mb/d in late 2007. So any error in the EIA data will not make much difference. It is important to realize that JODI just reports the data that is reported to them by the producing countries. So if a nation is lying about their production, that lie is just posted as if it were true. But with the notable exception of Venezuela, I think most of the data is pretty close. In the nine years the JODI database has been in existence Venezuela has, on average, reported their production to be about 550 thousand barrels per day above what everyone else reports including OPEC’s “secondary sources”. If a country doesn't report, JODI just inserts a zero for that month's production. In those cases I have carried the last month they reported forward so the numbers are not exact, but close enough. The JODI production numbers are Crude + Condensate. Still there are a few very small producers that do not report at all so the data represents about 98 to 99 percent of all oil produced. According to JODI, World C+C production in March was down 1,671,000 barrels per day. Most of that was Libya. All OPEC was down 1,400,000 barrels per day while non-OPEC was down 271,000 barrels per day. All losers and gainers are listed below with a change of greater than 10,000 barrels per day. The numbers are thousands of barrels per day. Darwinian on May 20, 2011 - 8:41am theoildrum.com

To: Wharf Rat who wrote (12165)	5/21/2011 3:17:33 PM
From: Maurice Winn	1 Recommendation Respond to of 24225

3 tons per Chinese is quite a stack of coal: <Chinese coal production is now in excess of 3 billion tons a year, > No wonder the air is disgusting and the sun sets in Beijing about 20% up in the sky [on a "clear" blue day]. They have been producing megatons of reinforced concrete, so that takes a lot. It must be full of apartments soon. Then they should have enough. I don't know when Peak People is going to be in China, but it can't be many decades away now having had a successful 1 child policy for decades and a big shortage of females who can afford to be quite choosy about their husbands, accelerating their eugenics programme. Japan is on the way down and China can't be far behind. Mqurice