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 : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (132244)	3/24/2013 2:13:47 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 149317

"what is happening right now has no equal in modern US history" Make that world history. The black swan is covered with oil. People still haven't figured out the problem. Takes energy to grow. Oil production has been pretty flat for almost a decade. China and India are taking their shares of the pie from Europe, Japan, and us. England's triple dip isn't just austerity; they recently became oil importers again. westexas on March 22, 2013 - 9:43am Permalink \| Global crude + condensate (C+C) production increased from 73.8 mbpd in 2005 to about 75.5 mbpd in 2012*, an increase of about 1.7 mbpd. Crude oil, for the purposes of this discussion, is defined as less than 45 API gravity. ... = Oil export - import model for the UK Posted by Euan Mearns on September 20, 2006 This post follows up on the work of Khebab and Westexas on US oil imports and the recent discussion on TOD about declining oil exports from Export Lands. In the Export Land model, the focus is on oil exports as opposed to oil production. This recognises that the economies of many oil-exporting countries are booming, e.g. Russia and the UAE, resulting in sharply increased consumption of oil by those countries and this decreases their oil export capacity. The UK provides an interesting Export Land example because since 1980, the UK has been a net oil exporter. However, following the production peak of 1999, production has been declining at an average rate of 7.56% / year and this year the UK will change from an oil Export Land to an oil Import Land. theoildrum.com