Must be ALOT of refinery capacity off line since Feb to have that kind of crude build with gas production plummeting, and crude imports and domestic prod flat. Will the refiners be able to "catch up" or will we be faced with boosting imports of finished product (i.e. unleaded)?

$3.50 here we come.

Geko45 said at PeakOil.com that what happened was the quarterly recalibration.  He said that the weekly figures released are just an estimate, based on a fairly small survey of companies in the industry, which is then extrapolated to the whole nation.  And the companies themselves often have only preliminary data.  Not very accurate, but there's no other way to get a weekly report out.  

Four times a year, they calibrate these weekly estimates to known inventories.  That's what happened this week.  They had a reality check, and found they didn't have as much as they thought.  So much of that "build" may have been illusory all along.  

Total product inventories are down very slightly year over year.  More importantly, the overall trend is down.  

The Energy Bulletin just published an article I did, which I based on the previous technical work that Khebab did.

When I analyzed Khebab's HL data earlier this year, it seemed to me that a sharp decline in net export capacity was a mathematical certainty.

Energy Bulletin article:

http://energybulletin.net/15126.html

By coincidence, I just posted your article to the front page of PeakOil.com.  :)
I shortened/rewrote it and sent it out to my coworkers and everyone else I thought might pay attention.

Oil and gasoline prices are up substantially since mid-February. In some markets, gas pump prices have increased twenty cents in a day! Most media pundits and financial "experts" attribute this run up in oil prices to geopolitical tensions - Iraq, Iran, Nigeria, Venezuela, etc.

But look at the facts:  

Since the week ending 2/10/06, average daily US net petroleum imports have fallen about 15%, down about two million barrels per day. Since the week ending 2/24/06, on a smoothed, four week running average basis, average daily US net petroleum imports have fallen about 8%, down about one million barrels per day. (A comparable time period last year showed about a 2% decline.)

Prices began rising at about the same time that we began importing less oil and gasoline.

Why are we importing less?  Even though every country is demanding more oil, worldwide oil production has hit a plateau.  Behind all the headlines, oil importers are simply bidding against each other for less and less available total petroleum (crude oil + product) imports.

Everyone is jockeying for fossil fuels.  We're occupying oil-rich Iraq, we're rattling sabers at oil-rich Iran and Venezuela (aka Citgo) and Condi Rice is buddying up to the brutal dictator of Equatorial Guineau, Africa's third-largest oil exporter.  China's economy is growing twice as fast as ours, and they are playing hard to lock in long-term contracts for oil and natural gas.  Russia still has a lot of oil and natural gas, and Putin is using both as a negotiating tool with China and Europe. Now that their North Sea oil fields are almost tapped out, the UK is casting about for new sources.  

In my opinion, higher oil prices are causing the international tensions, not the other way around.  If oil production increases, we may see gasoline prices again stabilize at less than they are, but higher than they were.  If oil production stagnates or declines, gasoline will just keep heading up.

One guy wrote back, "For some reason, I keep seeing the "Mad Max" movies in my head when you talk about this stuff....."

I like this.  It isn't too technical that it will lose folks.

The prevailing attitude here?  Something's gotta give.  But when somebody says this, and I question them, the "something" they are talking about is gas prices, not their own driving.  Funny, that.

Agreed. Oil prices go up and discretionary consumer spending goes down. Perhaps no new HDTV? But supply and demand dictates(simple mass balance here) that oil demand must be cut. But where? I'd bet on recreational travel. Perhaps shorting some stock here would make sense. Airlines? RV manufactures?
To Ben:
      All Americans have had their balls(or ovaries)in a sling since the overthrow of coomon sense in the 1980 epoch.Our secret powers that be infused foreign oil(mideast)into our economy and made it most acceptable with a lot of PR.But I don't forget the foreign policy that murdered millions of Iraqi and Irani men ,women and children in that 10 year war,which was then capped off by Gulf War 1 or the 1st Battle Armageddon.In Viet Nam there was blood in the mud,then it was blood in the oil.Point is since Kennedy and Eisenhower our lust has been unmatched on the world stage.Our people are lost.Common Sense is hard to find and not often spoken of(by our leaders).It is most obvious that consumption is fostered by our elite and conservation is nasty dumb crap.In all things.The conspiracies are unbelieveable because they are so odd,or unthought of. Massive interlinked think tanks do our planning and have no relation to everyman's dreams.
HELLO,

The Norwegian blogspot http://energikrise.blogspot.com/ has a colurful graph showing how net oil exports (believed to be all liquids) has developed for countries and regions based upon BP Statistical Review 2005 for the years 1985 through 2004.

An earlier version of the article, with more numbers, was published at:  http://graphoilogy.blogspot.com/
These guys don't have real-time inventory control?  I find that hard to believe.  More likely it's a problem of getting the data out of them.
Bingo.
The Big Four: Saudi Arabia, Russia, US & China

As I have outlined previously, these are the big four regarding exports and imports.  Let's abbreviate them as SAR (Saudi Arabia Russia) and USC (United States China).  

SAR can, if they wish, export a volume of oil equal to domestic production less domestic consumption.

USC wants, if we can, to import a volume of oil equal to our domestic consumption less domestic production.  

Consumption in all four countries is increasing.  

USC's production is falling.

SAR's production is basically flat, and in my opinion, will start showing declines this year.  I predict that Russia's production will fall much faster than Saudi Arabia's production.  However, even if SAR's production stays flat (for a little while), their net exports are going to fall as their domestic consumption increases.

Therefore, the volume of oil that SAR can, or will, export is falling.  The volume of oil that USC wants to import is increasing.   The result?  A war for remaining export capacity, which we hope (and pray) will be fought with currencies (or something of value) rather than with nuclear weapons.

Paraphrasing Ayn Rand, there are two ways to allocate scarce resources, with dollars or with force.  

I continue to recommend that we fund Social Security/Medicare with an Energy Tax and that we abolish the Payroll Tax, combined with implementing Alanfrombigeasy's electrification of transportation proposal.

A glimpse of the future, if we fail(or at least try) to do something constructive:

From:  www.urbansurvival.com  "Roving Gangs"

Another item that I mentioned on the Quayle show last night was the frightening mob beating that took place in Las Vegas this past weekend.  Apparently, a "spontaneous gang" of 10-15 people decided to "swarm" and took their vengeance on innocent people who happened to get in their path.

 What we have here is a prime example of what could turn into a widespread social disease in big cities when the shortages and high energy prices - almost undoubtedly accompanied by brown outs and power outages - arrive this summer.  A reader writes in:

"My newlywed pregnant daughter living in Montgomery County, MD (not a cheap place) called to tell me that gangs of youths, in broad daylight, are carjacking 10 or more cars at a time, also pistol-whipping the owners. She and her husband are looking to move as quickly as they can.

(This is reminiscent of the "wolf packs" of young children in post-War Germany who were a law unto themselves.)"

Strauss and Howe's Fourth Turning may offer the image of an evolving and cooperative lifestyle after "the turn," but we may have to go through a lot of ugliness to get there - and I look at the Vegas and Maryland cases as the leading edge of wolf packs of disenfranchised young men.  We may have only media to blame, for failing to put hard work and diligence out on screens and tubes as admirable values.  Instead we have a media-fiction world with uncountable do-overs, heroes that never get hurt, and the "something for nothing hype" from credit pimps who would have our young people buy their way into credit hell while still in high school.  Yah get whatcha sow.

At least Texas is a "conceal and carry" handgun state.  I think that I am going to sign up for a conceal and carry class this summer.  How about a thread on the best types of weapons for personal and home defense? (Grim post-peak oil humor.)
Actually, we DO need such a thread here.  IMHO, those who believe that we will somehow transition to a 1850's type of civilization (much lower population, local production of food and consumer goods, etc...) without going through an enormous amount of social upheaval - including lots of violence along the way - are simply deluding themselves.

You can't truly be prepared for Peak Oil until you have a battery of effective self-defence weapons, along with a hefty stockpile of ammunition for those weapons, and have taught yourself to use those weapons effectively.

It's most unfortunate that this is not more readily acknowledged here on this site.  Apparently, it's not "politically acceptable" to the predominantly liberal readership of this forum.

I think every forum can and should define a scope for its existence.  I argued long ago on peakoil.com that I felt discussions of self-defense, along with composting toilets and similar matters, are (a) worthwhile but (b) are not specific to peak oil.  An organization analyzing the impact of infectious diseases, or one focusing on global warming, need not include discussions of survival unless they are specific to the matter at hand, e.g. a discussion of infectious diseases may include how to ensure one is not infected, precautions, etc.

It's a matter of focus.  And, in addition, the survival discussions bring with them an element that I think is best disassociated with peak oil discussions.

Survivalism, including weapons, is a worthy topic, but should be considered within the context and within the many forums specifically devoted to that topic.

It's more efficient that way.

This is a pragmatic view.  Not a politically correct view.  Nor a liberal or conservative view.

I think you are right regarding focus and forum efficiency.

Discussing survivalism, guns, etc is like discussing the details of bicycle maintainance, railway building, home insulation and a thousand other topics that are influenced by peak oil.

I think it is good to mention such topics in a way that makes our readers notice that there are various solutions to all kinds of problems, especially if links can be provided to relevant information and forum debating these topics. Unfortunately I am not good at this. (embarrased cough)

I think one thing is important enough to mention manny times. The creation of social capital is essential, new friends, new relations, all kinds of cooperations and even new ways to meet people. It makes it easier to start new companies, make resources stretch further, get more security  and get a more joyfull life.

You are much more polite about this than I was. That's a good thing.
Assuming I wanted to learn about composting toilets, gun laws, etc, will any of you enthusiasts post good sites to learn about them here?
Try the peakoil.com board.  They've got a few sections specifically devoted to planning for the future, including self-protection, composting toilets, food supplies, etc.  I imagine there are a lot of good sources they can point you to.

In general, I think emergency planning is good.  It's no different than insurance.  E.g. I was watching a show the other day on the possibility of a 8.0 quake in San Francisco.  People should plan to be on their own for at least a week, maybe more.

I think the NRA pretty much has that sort of thing covered. I come here for news about oil and energy, not for some kind of survivalist menu about firearms.

Subkommander Dred

There is a huge literature on this topic. In my opinion, the best is the classic by Massad Ayoob, "The Truth About Self-Protection," which encapsules as much experience and wisdom in 416 pages as I've seen in twenty times that amount elsewheere.

IMO civilians should not carry concealed handguns, for two main reasons:

  1. Carrying makes you stupid. Instead of putting all your wits into avoiding bad situations, you put some of your attention into trying to decide whether to draw your weapon, and few civilians have the basic training you must have to become profiecient.
  2. Proficiency in use of a handgun is largely a "use it or lose it" skill. Few of us have the time time and determination to put in hours per week--every week--to maintain proficiency.

My young active-duty and reserve friends all carry variations on the 19ll Colt A-1, cocked and locked. Even though they are proficient and highly trained and practice extensively, I think this is a mistake, but after serving in combat for years they just get nervous walking around unarmed.

If you really want to learn to use weapons, sign up for four years with the U.S. Army or U.S. Marines.

So-called self-defense classes (even the expensive ones lasting days and costing thousands of $) are, in my opinion, worse than useless, because they often instill a false sense of confidence.

I've lived in one of the most dangerous neighborhoods in the U.S., the south side of Chicago, a few blocks from the University of Chicago, at a time when it had one of the highest murder rates in the U.S. During the mid fifties, cops would patrol in fours--two on foot, two in car ready to thumb the mike for backup--because fewer than four police were likely to be attacked by the Blackstone Rangers. At no time was I ever in a dangerous situation, nor would my security ever have been improved by carrying a concealed handgun. Why? Because I knew the rules and I knew the territory.

On the other hand, Sailorman seldom leaves home without a knife, because (as the King of Norway once said, when somebody queried him about his carrying a big sheath knife concealed under his coat), "You never know when you might want a knife."    

Martial arts classes are good to build strength, agility, and concentration. My most effective personal defense is damn good "radar" that keeps me aware of what is out there and how to avoid bad situations. For example, there are large areas of Minneapolis I will not drive through at any time of day--and having a loaded pistol beside me in the front passenger seat would not increase my safety much in this neighborhood.

BTW, if you do kill a few attackers, you may well well end up doing time if the jury decides that your use of force was not reasonable.

I am ambivalent about handguns, but haven't murder rates gone down in the states with conceal and carry?  Of course, murder rates may have gone down anyway.

In any case, I think that the best home defense weapon may be a short barrel "Coach" double barreled shotgun.

I don't like exposed hammers on shotguns.

Also, a new single-shot 12 guage Made in U.S.A. shotgun can be purchased for for about $100. Leave the gun unloaded, but make a habit of carrying a couple of cartridges loaded with #4. Slugs and 00 buckshot have a nasty habit of going through walls and hitting innocent neighbors. If you ever have children in your house, disassemble all weapons and lock up all ammo.

Do not waste good powder and shot on elderly Republican lawyers;-)

I've hunted all my life (well from age 10). My home protection weapon of choice is the same thing I carry for bear protection: .12 ga pump, 18" barrell, 8-9 shot, stainless/synthetic (essentially a "riot" gun..how appropriate, eh?). Currently its a Rem. Marine Mag loaded #4, sabot slug, #4, sabot slug, #4, BB, #4, BB, all hand loads. This isn't a cheap shotgun...about $500, but not an expensive one either. Most will not need stainless/synthetic...I carry it in wet/rainy bush in Alaska. Also keep the bear spray between the nightstand and bed. I don't carry on the street. Even when living in midtown Atlanta  a block from the projects when it was the murder capital of country i didn't carry...partially stupidity of youth, but also knowing where and when you could go.

If price is an issue, forget the single shot, you can get a Mossberg version of a riot gun (.12ga pump, 8 shot, 18" barrel) for about $180 at most Wal Marts.

Some Taurus or Keltec niners come with composite body and up to
ten round capacity.  Buy used pump shotgun ($100?) and saw off
(Barrel > 18" and total length > 27" in most states), then remove the
magazine plug for up to six or seven rounds (plug removal may be
illegal in some states).  Alternate tracer plug ammo with true 00
buckshot.
Hi Sailorman.

I agree with you to an extent. I am pro gun. However, I always suggest that if someone is going to carry a weapon, they have to know if they are willing to pull the trigger. It does know good to get a permit and carry a weapon if when the situation arises, one freezes and doesn't use it.

Blackstone Rangers in the fifties? Hmmmmn
In the sixties and early seventies there were large areas of Chicago's South Side where police did not go at all except by absolute necessity, in numbers. in daylight. The same neighborhoods of course had the best jazz and blues and really fine marijuana. And if your heart was not stone, walking through those 'hoods would break it.
If some white boy were fool enough to carry a gun down there it would have been quickly confiscated and resold.
Good neighbor policy generally works until you meet someone who's just crazy. Crazies are everywhere, not just cities. And when you meet a crazy is the most important time to have neighbors and not act crazy yourself.

Think for a minute of all the physically challenged, old, sick people who live in the most dangerous places imaginable, who can't afford a PoS gun, and who couldn't handle one in their dreams. They get by.

We may have set young Americans up for a hell of a fall...all with the best of intentions.

Why are younger Americans so miserable?

A psychologist has written a book called Generaton Me, about why Americans born after 1970 are more confident, assertive, entitled - and more depressed than ever before.

She argues that American young people, unlike their elders, have been raised to value self over family or society. They are told from the time they are small children how special they are. They have very high expectations. But when they leave home, they are often in for a rude surprise.

This is a time of soaring expectations and crushing realities. Joan Chiaramonte, head of the Roper Youth Report, says that for young people "the gap between what they have and what they want has never been greater."

So many people are teaching their kids that the world revolves around them.  They aren't disciplined like kids of older generations were.  They are often home-schooled, to spare them from teachers who "don't understand them" or who might "break their spirits."  I look at how my friends are raising their kids and wonder what's going to happen when those carefully coddled kids have to go out into the real world.

I've got one friend who was doted upon by her parents to an extreme degree.  (A natural reaction, after her parents lost her older sibling.)  She's bright, talented, has a PhD in one of the hard sciences from Harvard, a loving husband and adorable children...and is so depressed she often can't get out of bed.  Has been for years.  She admits that one reason is that no one out there in the real world treats her like mom and dad did.

Leanen:  I would add a different perspective to this interesting idea:  the "city on a hill" cornucopian vision of plenty, the one that rode roughshod over the "limits" ideas of the 60s, 70s, and early 80s;  the libertarian concept of selfism as the only good (all other goods derived from it); the "culture of complaint" in which all problems must be blamed on some person; these could also explain a mismatch between expectations and reality.

Though it's hard to extrapolate what is often anecdotal experiences into broad cultural themes.

Signs of depression are increasing in the upper classes of China, I recently read.  One chinese physician said it makes sense.  You don't have time to be depressed when you're trying to survive.

Depression is primarily a symptom of boredom, for the most part.
Or a sense of meaninglessness, which is perhaps the same thing as boredom, but on a deeper level of consciousness.
Put them to work on farms.  

Joke from the oil patch bust days:  

A geologist applies for a job at a Seven Eleven.  Manager says no; they already have too many geologists, but they would like some more petroleum engineers.

Post-Peak Oil:

Yale law school graduate applies for a job on a farm.  Manager says no.  Too many Yale graduates, but they would like more Harvard law school graduates.

Another job for outdoor activity.  Hiking uses the big leg muscles and pumps anti-depressants into the blood.  It puts you in mind that you are just another creature out there like all the rest.

If you hike someplace where there is a very small (but real) chance of being eaten, a pleasant moment of frisson may drive home your place on the planet and food chain.

Westexas;
  Can you cite any specific sources for this (either episode, in NV or MD). I have seen no reference of it in the media, and though I am hardly surprised that media would miss important stories (such as peak oil) something like this would certainly have made the rounds of the 24 hour news channels. Indeed, they live to cover such things.

Subkommander Dred

The NV was widely reported (it was on the Drudge Report).  In regad to the MD report, that was just posted on Urban Survival, insofar as I know.