 | This Week in Petroleum 9-26-07 | The Oil Drum | Declining net oil exports--a temporary decline or a long term trend? |  |
132 comments on DrumBeat: September 27, 2007
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132 comments on DrumBeat: September 27, 2007
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WT, as usual...the net export number is definitely the one we need to fear.
As you mention, even if they increase production by 400Kbpd in 4Q (4/5ths of the quota change) they won't show an increase this year.
By May 2008, we will have 3 years of declining world oil production. When does the rear view kick in?
However, I suspect that many factors will in play in the economic, oil, food, global political arenas before we get to then.
Crude oil STILL is only 11.7 cents(US) a cup.
I like that kind of number. It makes me wonder how much cheaper that same cup has gotten in Europe and Canada this September.
Or, as Mr. Colbert put it last night:
"Our first president now has the same value as their first president, a duck."
(Canada's 1 dollar coin features a loon)
Still, I'm asking myself what both your comments have to do with the graph from Apparent Peak's article.
Mine - nothing in particular...I was responding to WT's post.
My post below and on TOD Canada refers to the Apparent peak and his logistics analysis.
The peak is just behind us (11/2005?) and the mortgage scam unwinding may allow the signal to remain mixed up in the noise for a while. I just hope we don't go into a new president 1/2009 with the administration able to hand wave and waste more time on this most pressing issue.
Posted before but here is the nice graph of just how ugly stuff gets from 1/2008 through 7/2008 on the ARM scam front.
http://www.dailykos.com/story/2007/8/28/172611/602