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160 comments on DrumBeat: December 8, 2007

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westexas on December 8, 2007 - 1:56pm Permalink | Subthread | Parent | Comments top

Drudge Report headline today (so far there is no story linked):

OIL-RICH NATIONS USE MORE ENERGY, CUTTING EXPORTS...

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paulah on December 8, 2007 - 7:21pm Permalink | Subthread | Parent | Comments top

Here's the link to that article: http://www.iht.com/articles/2007/12/08/business/09oil.php?WT.mc_id=rssbu...

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SlicerDicer on December 8, 2007 - 9:41pm Permalink | Subthread | Parent | Comments top

"Ten years from now, world capacity to produce oil could be 20 percent higher than today," said Daniel Yergin, chairman of Cambridge Energy Research Associates. "But a lot will depend on how the geopolitics work out."

Well done idiot... No mention of Peak Oil just Geopolitics WOO!!

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Liam on December 10, 2007 - 3:30am Permalink | Subthread | Parent | Comments top

Yergin et al are not idiots without a cause, the geopolitics he cites is code for Exxon's "just get us access", namely more resource wars. They are not passive in their denial.

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gregor on December 8, 2007 - 9:27pm Permalink | Subthread | Parent | Comments top

Well done. Well done. Well done. What else is there to say to Jeffrey Brown, and his leading edge work on the Declining Exports story? Looks like this theme may now make it to the national edition of the NYT for Sunday, 08 December 2007. Possibly the front page. Ho Ho Ho. Merry Christmas.

http://www.nytimes.com/2007/12/09/business/worldbusiness/09oil.html?hp

Gregor

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westexas on December 8, 2007 - 11:53pm Permalink | Subthread | Parent | Comments top

I had several discussions with the NYT reporter on the topic of net oil exports. I suppose they felt that they had to include our buddy Yergin for balance.

From the NYT website:

Oil-Rich Nations Use More Energy, Cutting Exports
By CLIFFORD KRAUSS
Several nations that are currently large suppliers may start importing oil within a decade, adding strains to the global market.

Other media outlets are picking up the story:

http://www.france24.com/france24Public/en/administration/afp-news.html?i...

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rude crude on December 8, 2007 - 9:11pm Permalink | Subthread | Parent | Comments top

from the IHT article...

"It is a very serious threat that a lot of major exporters that we count on today for international oil supply are no longer going to be net exporters any more in 5 to 10 years," said Amy Myers Jaffe, an oil analyst at Rice University.

Rice University is just a stone's throw away from WT in Dallas (OK, Rice is located in Houston but Texans can throw stones a long way!) :-) I'll bet Ms Jaffe is familiar with WT's work.

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