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View Full Version : Some oil headlines linked thru ASPO:


cragger
12-12-2010, 07:28 PM
At http://www.peakoil.net/ with links there to sources.

USGS: Alaska's untapped oil reserves estimate lowered by about 90 percent

EU energy chief: Worldwide oil availability has peaked

New Zealand parliament report: The next oil shock?
from which:
"there is a risk that the world economy may be at the start of a cycle of supply crunches leading to price spikes and recessions, followed by recoveries leading to supply crunches".

All leading one to question the wisdom and effectiveness of spending on "shovel-ready" road projects and the new "drop money from helicopters" temporary tax and SS contribution cuts. Maybe perferable to the Republican "just give the rest of the money to the rich" approach, but both approaches seem to depend on ignoring reality, with the former apparantly predicated on the idea that there are no fundamental changes happening in the world, and if they just get that unicorn to leprechaun ratio tweaked properly any little economic hiccup will end and things will hum merrily along.

bjkeefe
12-13-2010, 01:53 PM
[...]

All leading one to question the wisdom and effectiveness of spending on "shovel-ready" road projects and the new "drop money from helicopters" temporary tax and SS contribution cuts. Maybe perferable to the Republican "just give the rest of the money to the rich" approach, but both approaches seem to depend on ignoring reality, with the former apparantly predicated on the idea that there are no fundamental changes happening in the world, and if they just get that unicorn to leprechaun ratio tweaked properly any little economic hiccup will end and things will hum merrily along.

Nice closing line.

Though he does not bring oil into the discussion, Krugman (http://www.nytimes.com/2010/12/13/opinion/13krugman.html) shares your view on recent economic maneuvering by the US government. Excerpt:

I say, block those metaphors. Americaís economy isnít a stalled car, nor is it an invalid who will soon return to health if he gets a bit more rest. Our problems are longer-term than either metaphor implies.

And bad metaphors make for bad policy. The idea that the economic engine is going to catch or the patient rise from his sickbed any day now encourages policy makers to settle for sloppy, short-term measures when the economy really needs well-designed, sustained support.

Starwatcher162536
12-13-2010, 03:54 PM
Your post motivated me to look up how our use of oil breaks down.

According to this (http://www.timeforkids.com/TFK/media/teachers/pdfs/2003S/030221WR1.pdf);

44% Motor fuel
6% Propane
19% Heating Oil
8% Jet Fuel
3% Asphalt
15% Other Products

Things aren't as bleak as I feared. I erroneously believed that the propane and other products sections (plastics, fertilizer & insecticides, rubber, etc.) would be alot higher then 21%. If we can somehow get Americans to give up their petro automobiles and ramp up solar thermal we will be on our way to getting off of foreign oil in a big way.

Starwatcher162536
02-09-2011, 06:24 PM
Saudi Oil Production and Reserves - Reasons Behind Wikileaks Concerns (http://www.theoildrum.com/node/7465)

JonIrenicus
02-12-2011, 06:14 AM
Saudi Oil Production and Reserves - Reasons Behind Wikileaks Concerns (http://www.theoildrum.com/node/7465)

I saw this earlier and this is the more serious report. Even with a flattening of oil production from Saudi Arabia, demand will still increase and so the price will rise. That means more money for oil producing states, including theocracies like Iran, lovely.