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39 comments on Peak Oil Media - 31 MAY 2008

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holyshit on June 1, 2008 - 1:49am Permalink | Subthread | Parent | Comments top

WestTexas,
Concerning assessments, I picked up Energy Bulletin today 5/31 that Texas is experiencing export declines. Where Mexico and Venezuela are now both showing higher decline rates. I am concerned because of EB comment about imports dropping like a rock, and it does not look good.
Any comment about this?

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westexas on June 1, 2008 - 7:47am Permalink | Subthread | Parent | Comments top

I attempted a simple connect the dots exercise, with three different data bases. Venezuela & Mexico = V&M. In 10/07, V&M accounted for 20% of total US petroleum imports and probably about 40% of Gulf Coast imports.

In any case, connecting the dots:

V&M showed a sharp annual decline rate in net oil exports in 2007.

From 10/07 to 3/08, they showed a very sharp decline rate in the volume of net oil exports delivered to American shores (annual decline rate of 32%/year).

Over the past four weeks, we have seen a big drop in the volume of crude oil imports into the Gulf Coast (from all sources).

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39 comments on Peak Oil Media - 31 MAY 2008

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