 | GHAWAR: an estimate of remaining oil reserves and production decline (Part 2 - results) | The Oil Drum: Europe | Ghawar reserves update and revisions (1) |  |
21 comments on Russian gas and European energy security
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21 comments on Russian gas and European energy security
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The Lion called all the animals together and asked them how they would like to be eaten.
After some muttering the animals replied that they didn't want to be eaten.
"We are straying from the subject," said the Lion.
That's a good one -I also like the one that goes something like:
"When you and another person are being chased by a lion you don't have to run faster than the lion -just the other guy..."
In relation to PO: I think of it in the context that oil price is the speed of the lion and each country has a price point (running speed) at which demand destruction starts to set in. This would imply that lots of less well off countries will be wasted while the better off continue to be relatively unnafected for many years. It would be nice to see a model of this {per country export, import, price affect to include PO affects} but it would be a complicated beast.
Nick.