The Green Files > Peak Oil Review - December 1 | Energy Bulletin

[Energy Bulletin -] Amid the year's ups and downs, 2008 will mark a record for global oil demand, at 87 million barrels a day. While U.S. oil demand is off 5.5% in the past year to its lowest level since 2002, China's is up 6.5%.

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[Peak Oil News] Peak Oil News >> Public Policy; Political and Legal News ...: O know that world oil discovery has fallen to insignificant levels after peaking long ago in the 1960s? Does he know we are finding no more super-giant oil fields on the scale of Arabia's Ghawar or Mexico's Cantarell, which have supplied most of the world's oil for the past 40 years and are now running down?

[Daily Markets] Even As Gasoline Prices Fall Analysts Predict Peak Oil | Daily Markets: Maxwell repeated his prediction of $300 oil in 2015.  Wells thinks non-OPEC production has already peaked, that global production may peak in 2015, and like Maxwell he expects tight oil conditions and thus higher prices after the world economy recovers from the current downturn.  But Wells qualifies  this by pointing out, as I have also done many times, that if political conditions in Iraq were to change dramatically its production could potentially be increased to avoid global tightness.  I’d also note potential for increases in Nigeria, which seem unlikely, and Libya.  He does not seem to think a rapid expansion of supply is likely in Iraq and I would note that time is running short for Iraq even under the best of circumstances to increase production by a great amount much before 2015.

[Peak Oil News] Peak Oil News >> Hydrocarbon Alternatives >> Consumers flock to ...: Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion.

[Royal Dutch Shell plc .com] Oil’s unlikely alliances likely unnecessary - Royal Dutch Shell ...: Here’s another data tidbit: In October, China’s year-on-year oil imports were up 28 per cent. It was ignored because the world is fixated on China’s expected 2009 GDP growth rate of about 8.5 per cent, down from double-digit growth rates as long as anyone can remember.

[Untitled] Peak Oil News >> Public Policy; Political and Legal News ...: Peak Oil News and Message Boards is a community and collaboration portal about energy-related topics. Peak Oil Boston · Houston Peak Oil.

[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | DrumBeat: December 1, 2008: One of the things i've been thinking of, is that GDP consists of a lot of value added stuff dependant on oil. Luxury yachts worth tens of millions of dollars and 250,000 dollar Bentley's and Ferrari's all add a lot more to GDP than a can of baked beans but, without fuel the Ferrari and the yacht are worthless and the the can of baked beans becomes priceless in a time of scarcity.

[By The Fault] By The Fault » Blog Archive » Meanwhile Up in Ottawa, Harper’s ...: Over the weekend, the Conservatives tried to stifle the movement against them by withdrawing some economic proposals, including an end to public financing of political parties, that angered the opposition parties and prompted the negotiations that led to their alliance.

[Daily Markets] Flextronics Plans To Cut Its China Workforce By 30% | Daily Markets: 26, ”˜08 the Singapore based - Flextronics reported a net income of $38 million, or $0.05/share, down from $121 million, or $0.20/share in the year-prior period, on revenue of $8.9 billion. For the third-quarter ending December 31, ”˜08, Flextronics lowered its revenue estimate to between $7.5 billion and $9 billion from a previous estimate of $8 billion to $9 billion.

[The Liberty Papers] The Liberty Papers »Blog Archive » Oil Is Too Cheap: Between India and China, there are about 2.5 billion people, and if there average oil demand goes up even slightly it will dwarf any oil reduction we undertake in the West.

[Peak Oil News] Peak Oil News >> Public Policy; Political and Legal News >> Obama ...: "You know, oil prices go up, gas prices at the pump go up, everybody goes into a flurry of activity. And then the prices go back down and suddenly we act like it's not important, and we start, you know, filling up our SUVs again."

[Economix] December 2007: The Date the Recession (Officially) Began ...: The most recent peak was in December 2007, and the economy has been on the way down since then. Before December 2007, the American economy had been expanding since November 2001.

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