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Page added on January 19, 2019
IEA Sees Oil Demand Growth Defying Economic Slowdown
Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency.
“We have seen prices fall very significantly since the peak at the beginning of October, and that is providing some relief to consumers,” Neil Atkinson, head of the IEA’s oil industry and markets division, said in a Bloomberg television interview on Friday. Still, in its monthly report the agency acknowledged “the mood music in the global economy is not very cheerful” and the outlook could change.
Global Growth
The IEA and OPEC’s forecasts for 2019 oil demand growth have held steady in recent months despite signs of an economic slowdown
Source: IEA and OPEC reports
Crude prices remain almost 30 percent below the four-year peak reached in October amid concerns over economic growth in China and the U.S., the world’s two biggest oil users, who remain locked in a trade dispute. To prevent markets tipping into oversupply, the OPEC cartel and its partners have announced substantial production cuts.
Oil consumption will expand by 1.4 million barrels a day — about 1.4 percent — in 2019, slightly higher than last year’s expansion of 1.3 million, according to the Paris-based IEA, which advises most of the world’s major economies on energy policy. Brent crude traded near $62 a barrel in London on Friday, having surpassed $86 in October.
Faltering manufacturing and slumping exports have stirred concerns that China’s economy, the oil market’s engine of growth for more than a decade, is slowing. A prolonged trade battle with the administration of U.S. President Donald Trump is only darkening the outlook.
“Our expectation for slightly faster global demand growth in 2019 is maintained even though economic growth is likely to be slower than in 2018,” the agency said. “The impact of higher oil prices in 2018 is fading, which will help offset lower economic growth.”
Output cuts planned by the Organization of Petroleum Exporting Countries and its partners should stabilize world markets, though the process will be slow, the IEA said. To fully implement its agreed cutbacks, OPEC would need to cut by a significant 900,000 barrels a day this month, with its allies reducing by a further 370,000.
“The journey to a balanced market will take time, and is more likely to be a marathon than a sprint,” it said. “If the producers deliver on their promises, the market could return to balance in the first half of 2019.”
OPEC Cuts
While OPEC’s biggest member, Saudi Arabia, has made an early start on production cuts, unplanned losses have steadied in fellow members Iran and Venezuela. At the same time, the shale-oil boom is continuing unabated in the U.S., which by the middle of the year will be producing more crude than either Saudi Arabia or Russia is able to.
Production in the U.S. will rise by 1.3 million barrels a day this year, the IEA said. That’s slower than the record 2.1 million increase in 2018, but the agency pointed out that such rapid expansion had been “unexpected” given that its initial estimate was for growth of less than half that amount.
Refiners around the world also face a challenge this year as the industry adds 2.6 million barrels of daily processing capacity, the biggest increase in the records of the agency, which was set up in the 1970s.
“By the end of the year, all industry players, upstream and downstream, may feel as if they have run a marathon,” it said.
52 Comments on "IEA Sees Oil Demand Growth Defying Economic Slowdown"
shortonoil on Sat, 19th Jan 2019 1:39 pm
That’s interesting? The IEA sees demand growth continuing, and OPEC sees it falling. Considering that China’s imports have already started to decline, the IEA’s game of pin the tail on the donkey is not doing any better than its game of extend that line. Once shale production begins its decline (which is now) the demand it generated will go with it. Shale is already short 1,100 rigs to compensate for its legacy decline, and it lost 23 more rigs last week. The IEA’s next prediction will be that the moon’s green cheese factories will be breaking all past records. Production in the US will increase by 1.3 mb/d in 2019, so says Bloomberg, even though it has been almost totally flat for the last 11 weeks? “Star light, star bright, may I have the wish I wish tonight.” Someone should tell Bloomberg that is not considered objective analysis!
Shortend on Sat, 19th Jan 2019 8:10 pm
Well, if there is a increase of demand for oil, that must mean the human hoard numbers are also increasing….as Shoronoil pointed out once shale declines, and the SHTF, we should expect the human hoard figures also decline…. correspondingly….
Boy, this is so hard to figure out.
twocats on Sat, 19th Jan 2019 10:13 pm
global institutions have had 10 solid(ish) years of ignoring the crumbling and rot.
but the next GFC is on our doorstep – this one will be hell. Given the lack of global consensus and the rise of Nationalism – this GFC could be the last.
Cloggie on Sat, 19th Jan 2019 11:57 pm
Major turn of events in Brexit drama: hardline Brexiteer Rees-Mogg makes U-turn, while realizing that May’s Brexit is the only kind of Brexit the British Isles can hope for in their attempt to try to escape from the gravity forces of black hole continental Europe.
May’s strategy seems to be working!
https://www.dailymail.co.uk/news/article-6611129/Enter-Mogg-peacebroker-Help-save-Theresa-Brexit.html
“Enter Mogg the peacebroker: Help me to save Theresa May and Brexit, says hardliner in stunning about turn as No10 braces for snap poll”
Outcast_Searcher on Sun, 20th Jan 2019 1:22 am
Short keeps blabbering nonsense, as though his calls should be considered credible, given his past history, false claims, and numerical nonsense.
Sure.
I’ll take the IEA forecasts over the always wrong calls of the fast crash doomers any day. At least they use science and logic, and have folks on the staff who have a clue about oil production, and actually pay attention to real world trends.
If oil prices keep rising (no global crash in sight, despite a stock market pullback the doomers were wrongly claiming was economic armageddon, that ought to help spur production over time — same as it ever was.
Or if we do have an actual global recession in 2019 and reduced demand and prices, perhaps not. But that’s normal economics of supply and demand at work, not a mythical doomer collapse.
makati1 on Sun, 20th Jan 2019 1:56 am
Outcast, they use propaganda. What ever their masters tell them to print. It’s ALL about $$$$ not true facts. Tomorrow they will claim a different number and call it “adjusted”. LOL
Cloggie on Sun, 20th Jan 2019 2:33 am
I’ll take the IEA forecasts over the always wrong calls of the fast crash doomers any day. At least they use science and logic, and have folks on the staff who have a clue about oil production, and actually pay attention to real world trends.
Exactly my thoughts. I am completely done with the likes of Richard Heinberg and Gail Tverberg and other amateurs with a burning desire for their 15 minutes of global fame based on sensationalist hot air, not necessarily coming from their mouths.
Give me the opinions of serious people, people with glasses and a deep frown, people with a non-glamorous background in science and engineering. People from the IEA or Shell:
Shell Sky Scenario (2018):
https://deepresource.wordpress.com/2019/01/14/the-geopolitics-of-the-energy-transformation/irena-energy-transition/
Shell predicts global peak oil demand as of 2025. In 2050 renewables surpass fossil and by the end of the century we’ll have our solar economy.
Mission accomplished.
makati1 on Sun, 20th Jan 2019 3:26 am
By the end of the century, any humans still alive will be living on “renewable” muscle power, nothing else. But I only give humauty’s survival until 2100 a 1 in 100 chance, if that. Climate change is speeding up and will likely go exponential before 2050. Ice is melting at ever faster speeds. At some point it will tip the scale and set off many other tipping points. I wont be hereto see it. Nor will any of you.
makati1 on Sun, 20th Jan 2019 3:42 am
If you are “weathered in” this weekend, Might I suggest some educational reading?
“Does Our Civilization has at Least Some Chance to Survive?”
“Depending on the circumstances, I can sound negative or cautiously optimistic. But the truth, the honest truth is: I am scared…
…this incredible, gigantic experiment called humanity, could very soon end in ruins and up in smoke. What scares me even more is that, perhaps, it is already ending although I sincerely hope that it is not…
… this planet, which used to be so brilliantly beautiful and pleasing, to all of our human senses, is now frightened, humiliated and plundered. It is getting raped, savagely, in front of our own eyes. And we are just watching, ruminating like cattle, shitting, and amusing ourselves in increasingly brainless ways….
There is nothing to celebrate, and plenty to puke about….
…the majority of people on our planet lost their ability to think logically. They have been brainwashed by the propagandist mass media, by mass produced movies and pop music, by bizarre ‘trends’ in fashion and by aggressive consumerism….
Greed, the maximization of profits, knows no boundaries. Sacrificing human lives is now commonly perpetrated. Thousands of human lives, or a few millions, it does not seem to matter….
Like parrots, they repeat anti-Communist slogans, as well as propaganda barks against all the countries and governments that are still resisting this monstrous Western dictatorship brought to its most bizarre extreme.”
https://journal-neo.org/2019/01/19/does-our-civilization-has-at-least-some-chance-to-survive/
“Watching how our beloved planet is going up in flames, due to neo-imperialism and turbo-capitalism, while not doing anything to stop it, is nothing else other than stupid.” Read all of it. Nuff said.0
I AM THE MOB on Sun, 20th Jan 2019 4:45 am
Outcast
University of California: Environmental Science & Technology (Malyshkina 2010)
1. It Will Take 131 Years to Replace Oil with Alternatives
2. World oil production will peak between 2010-2030
3. World proven oil reserves gone by 2041
https://www.scribd.com/document/394656677/Future-Sustainability-Forecasting-by-Exchange-Markets-Basic-Theory-and-an-Application-Malyshkina-2010
A global energy assessment (Jefferson 2016)
An extensive new scientific analysis conducted by the Former Chief Economist Michael Jefferson at Royal Dutch Shell published in Wiley Interdisciplinary Reviews titled “A Global Energy Assessment 2016” : says “that proved conventional oil reserves as detailed in oil industry sources are likely “overstated” by half.” & “punt bluntly,the standard claim that the world has proved conventional oil reserves of nearly 1.7 trillion barrels is overstated by about 876 billion barrels. Thus, despite the fall in crude oil prices from a peak in June 2014, after that of July 2008, the “peak oil” issue remains with us.”
The World in the 21st Century is faced with huge challenges that go far beyond, but importantly include, energy challenges on the supply, access, and use sides. So severe are these challenges, mainly arising from the demands of a rapidly increasing human population on the Earth’s limited resources, that the future existence of large numbers of people may be threatened with extinction. In that sense, we may be observing the twilight of the Anthropocene (Human) Age.
https://www.scribd.com/document/394043449/A-Global-Energy-Assessment-Jefferson-2015
Projection of world fossil fuels by country (Mohr, 2015) Fuel
Over 900 different regions and subfuel situations were modeled using three URR scenarios of Low, High, and Best Guess. All three scenarios indicate that the consistent strong growth in world fossil fuel production is likely to cease after 2025. The Low and Best Guess scenarios are projected to peak before 2025 and decline thereafter. The High scenario is anticipated to have a strong growth to 2025 before stagnating in production for 50 years and thereafter declining.
https://www.scribd.com/document/375110317/Projection-of-World-Fossil-Fuels-by-Country-Mohr-2015
IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000
Saudi Arabia’s Energy Minister Warns of World Oil Shortages Ahead
https://www.wsj.com/articles/saudi-minister-sees-end-of-oil-price-slump-1476870790
There will be an oil shortage in the 2020’s, Goldman Sachs says
https://www.cnbc.com/2018/11/09/goldman-sachs-there-will-be-an-oil-shortage-in-the-2020s.html
Wood Mackenzie warns of oil and gas supply crunch
https://www.ft.com/content/a1eb0e58-d7a4-11e8-ab8e-6be0dcf18713
Imminent peak oil could burst US, global economic bubble – study
https://www.theguardian.com/environment/earth-insight/2013/nov/19/peak-oil-economicgrowth
German Military (leaked) Peak Oil study: oil is used in the production of 95% of all industrial goods, so a shortage of oil would collapse the world economy & world governments
https://www.scribd.com/document/387459134/german
I AM THE MOB on Sun, 20th Jan 2019 4:49 am
Outcast
Sleepwalking Into The Next Oil Crisis
https://www.forbes.com/sites/rrapier/2018/03/23/is-the-world-sleepwalking-into-an-oil-crisis/#18cff1d244cf
I AM THE MOB on Sun, 20th Jan 2019 4:51 am
Outcast your white privileges are about to be gone..
Don’t worry Ill keep your daughter safe when the lights go off!
What are you going to do about it? Not a damn thing..Jesus freak!
LOL
Cloggie on Sun, 20th Jan 2019 5:17 am
Outcast your white privileges are about to be gone..
Don’t worry Ill keep your daughter safe when the lights go off!
What are you going to do about it? Not a damn thing..Jesus freak!
Mobster kike still think that his group will carry away victory during the coming ordeal.
Like this Paul Krugman fool still thought in 2014, his group could defeat whitey once and for all:
https://documents1940.wordpress.com/2017/09/27/paul-krugman-white-americans-are-losing-their-country/
And, a president Trump later, look at this Krugman fool now in 2019:
https://documents1940.wordpress.com/2019/01/07/the-good-news-zog-is-dying/
Mobster is even dumber than Krugman and hasn’t got the message yet.
Yahweh freak Mobster is a problem that can be solved with a train to the East, to Upstate New York to be precise.
Davy on Sun, 20th Jan 2019 6:04 am
“I’ll take the IEA forecasts over the always wrong calls of the fast crash doomers any day. At least they use science and logic, and have folks on the staff who have a clue about oil production, and actually pay attention to real world trends.”
“Outcast, they use propaganda. What ever their masters tell them to print. It’s ALL about $$$$ not true facts. Tomorrow they will claim a different number and call it “adjusted”. LOL”
Makattoo, OS has a point. The peakers and the doomers have made some really bad predictions that have fallen flat on their face. Many of your anti-American predictions are this way too.
Davy on Sun, 20th Jan 2019 6:07 am
“Shell predicts global peak oil demand as of 2025. In 2050 renewables surpass fossil and by the end of the century we’ll have our solar economy. Mission accomplished.”
I think the 2025 peak oil demand is possible. The 2050 number is too far out to be accurate. These type of projections are agenda based not science based. A solar economy at the end of the century is a fantasy unless you are considering the real solar economy before the industrial revolution.
Davy on Sun, 20th Jan 2019 6:09 am
“Like this Paul Krugman fool”
He is definitely an economic fool and lately a political speaking dumbass.
Davy on Sun, 20th Jan 2019 8:12 am
“Europe’s New-Generation Nuclear Plants Stagger Over The Start Line”
https://tinyurl.com/ydevwv8x
“Years late and massively over-budget, Europe’s first EPR nuclear plants in Finland and France are on the verge of “energizing”, as the sector jargon goes…Barring last-minute glitches, this will be the final act in what must be the longest-running construction saga in the region.”
“Meanwhile a mere eight years late and, at Eur10.5 billion, three times over budget, EDF’s Flamanville 3 EPR in Normandy, northern France is also due to deliver first power in summer 2019.”
“However late, these baseload behemoths are going to be welcome additions to Europe’s volatile power markets. For the year just passed, over 15 GW of conventional thermal plant closed across Europe, offset by just 3 GW of gas plant adds. Meanwhile 24 GW of wind and solar were installed. Hefty net closures in recent years mean that Italy, Finland, Hungary and Lithuania go into 2019 reliant on imports. Under harsh winter conditions Austria, Belgium, Slovakia and Slovenia are equally dependent. This is ahead of a slew of more determined energy transition actions by European governments, phasing out big chunks of coal and nuclear plant in the early to mid-2020s. Platts Analytics sees 65 GW of net coal and nuclear closures over next seven years, nearly double the level of closures seen over the last seven years. The coal closures are front-loaded in the period, with heavy losses across Germany, the UK and Spain before end-2020, ahead of total phase-outs in France (2022), the UK (2025) and the Netherlands (2030). Nuclear reductions start to hit home with 10 GW of German capacity closed by 2022, followed by removal of 6 GW of Belgian capacity by 2025, and the loss of 4.3 GW in the UK between 2024-2026.”
Dredd on Sun, 20th Jan 2019 8:27 am
“America’s energy industry” …
Someone failed fifth-grade physics eh?
(The Ghost Photons)
Dr Salameh on Sun, 20th Jan 2019 8:37 am
Global oil demand will never peak for the simple reason that there will never be a post-oil era throughout the 21st century and probably far beyond. Even a wider usage of electric vehicles (EVs) into the global transport system will not change that outlook. However, it can decelerate the rate at which global oil demand is growing but will never replace oil as the major transport fuel nor lead to a peak oil demand.
The projection by the IEA that there could be some 300 million EVs on the roads by 2040 is just a myth. Still, let’s assume hypothetically that it is possible.
Global oil consumption has already hit 100 mbd in 2018 and is projected to reach 120 mbd by 2040.
Currently, electric and hybrid cars combined number under 2 million cars out of 1.477 billion internal combustion engines (ICEs) on the roads worldwide, or a negligible 0.14%. This is despite support by significant government subsidies. The total number of ICEs is projected to reach 2.79 bn by 2040 according to US Research.
Let us assume hypothetically that we might have some 300 million EVs on the roads by 2040. By that time the world will be using 43.8 billion barrels a year (bb) of which 75% or 32.85 bb will be used to power 2.790 billion ICEs around the world. Bringing 300 EVs on the roads will reduce the global oil demand by only 3.53 bb (9.57 mbd) or 8% to 100.43 mbd by 2040.
However, I hasten to add that even 300 million EVs by 2040 is an impossibility. The reason is that current manufacturing capacity of EVs amounts to only 500,000. So it will take many decades to manufacture 300 million EVs.
Moreover, there will be a need for trillions of dollars of investment to expand the global electricity generation capacity in order to accommodate the extra electricity needed to recharge 300 million EVs.
Last but not least is that projections and figures offered by the IEA and masqueraded as research have been discredited time and again.
Dr Mamdouh G Salameh
International Oil Economist
Visiting Professor of Energy Economics at ESCP Europe Business School, London
I AM THE MOB on Sun, 20th Jan 2019 8:41 am
Thanks Dr Salameh..But its impossible to reason with people as dumb as clogg, Davy and Outcast..Since they don’t have any reason to believe what they do..They are simply being told by the MSM this will happen..
I AM THE MOB on Sun, 20th Jan 2019 8:48 am
For the European Union to survive, the euro must die
https://www.alternet.org/2019/01/the-euro-at-20-for-the-european-union-to-survive-the-euro-must-die/
Davy on Sun, 20th Jan 2019 9:02 am
“Thanks Dr Salameh..But its impossible to reason with people as dumb as clogg, Davy and Outcast..Since they don’t have any reason to believe what they do..”
I have lost most of my respect for academia these days. They are corrupted by feel good science or business relationships that temper how they report their field. The good professor does have a few valid points but as usual he is extrapolating and fails to take into account economics.
I AM THE MOB on Sun, 20th Jan 2019 9:08 am
50 shades of orange
https://i.redd.it/yllf9bd41jb21.jpg
I AM THE MOB on Sun, 20th Jan 2019 9:11 am
Davy
Why don’t you teach the good professor how to do his job..You ignorant blowhard..Why dont you share a few zerohedge articles and show him what the “Real truth” is..
LOL
I AM THE MOB on Sun, 20th Jan 2019 9:15 am
Considering you cant take an EV out of the city..They are pretty much useless to most amwericans..And the batteries get damaged in temps above 86 degrees or in freezing weather..So you have to own a garage..And only 1/3 of Americans do..People who live in cites usually park on the street or in drive ways..
Oh well believe in magic if you want..The oil shortage will be here shortly..And then its too little too late..
Cloggie on Sun, 20th Jan 2019 9:19 am
“For the European Union to survive, the euro must die”
Americans pretending to be “concerned” about Europe.lol
The euro is here to stay, Yankees, as a competitor of the dollar. Get used to it. And Europe has generally more goodwill than the US around the world. One wonders why that is.
Table manners or is it something deeper?
I AM THE MOB on Sun, 20th Jan 2019 9:21 am
This is how you treat a white nationalist like Davy and Clogg
https://i.imgur.com/PVa60tN.gifv
I AM THE MOB on Sun, 20th Jan 2019 9:24 am
A Proud Boy literally pissed his pants when he was confronted by antifascists in Portland
https://twitter.com/hannummontanum/status/1086835398549004288
Davy on Sun, 20th Jan 2019 9:31 am
“Davy Why don’t you teach the good professor how to do his job..You ignorant blowhard..Why dont you share a few zerohedge articles and show him what the “Real truth” is.. LOL”
Translation: (hot under the collar), dont talk that way and make me look like an uneducated liberal rat.
LMFAO at the child dumbass
Cloggie on Sun, 20th Jan 2019 9:32 am
Global oil demand will never peak for the simple reason that there will never be a post-oil era throughout the 21st century and probably far beyond.
Wow, we have a real Cornucopian in our midst here.
Thanks Dr Salameh..But its impossible to reason with people as dumb as clogg, Davy and Outcast
And because the poster has a non-European name, already mobster jumps into posture, abandoning everything he has said since he began operations on this board, namely predicting that real peak oil could begin any minute now and that in 2-3 years time “we will be eating our children”.
Salemeh: 120 mbd in 2040.
Mobster: “Thanks Dr Salameh”
Hahahahahaha!
And now he supports the idea that peak oil will not happen in this entire century.lol
What a moron!
If Dr Mamdouh G Salameh had been paying any attention, he would have noticed that in Europe, including Britain, some 90% of new installed power capacity is renewable and that prices for renewable energy keep dropping and that the EU, still the scientific core on this planet, has embarked on a 100% renewable energy future and had not done so if it hadn’t convinced itself first that such an undertaking is possible in the first place.
Currently, electric and hybrid cars combined number under 2 million cars out of 1.477 billion internal combustion engines (ICEs) on the roads worldwide, or a negligible 0.14%
Albert Bartlett: “The greatest shortcoming of the human race is our inability to understand the exponential function.”
Applies to Dr. Salemeh as well.
Davy on Sun, 20th Jan 2019 9:36 am
“The euro is here to stay, Yankees, as a competitor of the dollar.”
Yes and no, it may not be here to stay in its current form. There is a possibility of a fracturing of the north and south and something new may coalesce.
“Get used to it. And Europe has generally more goodwill than the US around the world. One wonders why that is.”
Yea but barely and considering all the damage Europeans have done to the world over their long history they deserve zero goodwill.
“Table manners or is it something deeper?”
European table manners are all for show and hide deeper sinister motives
Davy on Sun, 20th Jan 2019 9:39 am
“A Proud Boy literally pissed his pants when he was confronted by antifascists in Portland”
dumbass, if you want to help out liberalism shut up because the minute you open your mouth you show how stupid young liberals are today. You are a total snowflake that will fold under pressure as soon as the world gets tough out. You are probably in mom’s basement as we speak and never had a real job.
I AM THE MOB on Sun, 20th Jan 2019 9:41 am
I hear ya Davy..What do doctors know anyways?
LOL
Cloggie on Sun, 20th Jan 2019 9:43 am
This is how you treat a white nationalist
https://i.imgur.com/PVa60tN.gifv
LOL
The battle for Berkeley:
https://www.youtube.com/watch?v=ZqFVXZsdl_A
https://www.youtube.com/watch?v=3cSBrE1ETDg
Spoiler: even in libtard home turf California, Antifa gets its ass kicked.
Soon in every street in America.
And the beautiful thing is, there are 640 million Europeans who can’t wait to teach Americans how to wage war, this time on American soil.
Americans cry for their mummy after 40,000 deaths, inflicted on them by Asian gnomes.
Europeans fight on, even after millions of deaths.
America was a European colony for 300 years, won’t be different for the coming 300 years.
It’s for your own good. Left by yourselves you only p*ss your country away to the third world anyway. This is going to stop.
I AM THE MOB on Sun, 20th Jan 2019 9:45 am
Clogg
Renewals produce electricity..And oil is used for 95% of the worlds transportation..
You are conflating the two..
Renewable energy ‘simply won’t work’: Top Google engineers
https://www.theregister.co.uk/2014/11/21/renewable_energy_simply_wont_work_google_renewables_engineers/
We Don’t Mine Enough Rare Earth Metals to Replace Fossil Fuels With Renewable Energy
https://motherboard.vice.com/en_us/article/a3mavb/we-dont-mine-enough-rare-earth-metals-to-replace-fossil-fuels-with-renewable-energy
Study predicts world economy unlikely to stop relying on fossil fuels
https://phys.org/news/2016-02-world-economy-fossil-fuels.html
IEA Sees No Peak Oil Demand ‘Any Time Soon’
https://www.wsj.com/articles/iea-sees-no-peak-oil-demand-any-time-soon-1488816002
Don’t be too optimistic about electric car forecasts
https://gulfnews.com/business/analysis/dont-be-too-optimistic-about-electric-car-forecasts-1.61172939
Cloggie on Sun, 20th Jan 2019 9:55 am
White French insurrection going into its 10th week, still an army of 84,000 deployed, against the 1968-establishment of leftist-globalist US c*ck-suckers:
https://www.dailymail.co.uk/news/article-6610399/Yellow-Vest-violence-breaks-Paris-tomb-Napoleon.html
The liberation of Europe is beginning!
print baby print on Sun, 20th Jan 2019 9:57 am
and 90% of new instaled power , how much add in total hahahhahaha.
Dr Salameh great post and shorton oil of course
Sum on Sun, 20th Jan 2019 9:57 am
Greetings, Mr. Davy.
Once again, your analysis is flawless respecting Dr. Salameh. He is a well known anti-American Tehran Islamist.
Dear readers and commentators, you are well advised to pay particular attention and respond favorably to Mr. Davy’s intelligent analytic technique.
All Mr. Davy critics are BABYLON the GREAT, the FATHER of PROSTITUTES and ABOMINATIONS of the EARTH.
I AM THE MOB on Sun, 20th Jan 2019 9:57 am
Well my girlfriend wants to take a shower so duty calls..Then it football time! Playoffs!
Have fun you neckbearded losers davy and clogg..
I would recommenced living large now..Because prepping is a fantasy..
LMFAO!
Stupid sock puppeteering again on Sun, 20th Jan 2019 9:59 am
Sum on Sun, 20th Jan 2019 9:57 am Greetings, Mr. Davy.
Please stop it clogged or is it juan? You both play these games
This usually happens when you get your ass handed to you by me.
Cloggie on Sun, 20th Jan 2019 10:00 am
Renewals produce electricity..And oil is used for 95% of the worlds transportation..
You are conflating the two..
Renewable energy ‘simply won’t work’: Top Google engineers
Of course renewable energy won’t work in America, it’s too difficult. Without German Nazis you would never have set foot in space, let alone land on the moon.
America (and Arabia) rose with oil and will come down with it:
https://www.youtube.com/watch?v=AHz-zZoBnbc
This is the future and will replace Shell, BP, Exxon, etc:
https://deepresource.wordpress.com/2019/01/20/nyrstar-the-next-royal-dutch-shell/
No worries, we’ll teach you how to do it, when you will be under European protection again.
JuanP on Sun, 20th Jan 2019 10:01 am
It was me I can’t play clean. This is why Davy calls me dirty Juan
Davy on Sun, 20th Jan 2019 10:02 am
“No worries, we’ll teach you how to do it, when you will be under European protection again.”
clogged, review the numbers. Look at installed capacity and EV numbers between Euorland and the US and get back to me.
Cloggie on Sun, 20th Jan 2019 10:02 am
“I would recommenced living large now.”
Mobster once accidentally revealed that “living large” for him means watching television. Our local James Bond in action.
You can’t make this stuff up!
I AM THE MOB on Sun, 20th Jan 2019 10:12 am
white people be like
https://i.redd.it/inxja2ssjlb21.jpg
Davy on Sun, 20th Jan 2019 10:19 am
MOB, I though you said you were showering with the fantasy girlfriend?
Cloggie on Sun, 20th Jan 2019 10:50 am
It’s a plastic doll.
deadly on Sun, 20th Jan 2019 12:43 pm
In 2007, Bakken oil wells produced 85,000 bpd in the Williston Basin. Bakken oil sold for a record 127 USD per barrel when the Bakken boom began.
The production is now 1.3 million bpd.
The shale oil boom crashed the price, The Saudis had to do it, they had to retain market share and a lower price did just that.
The Japanese oil buyers bought Bakken crude and ditched some Saudi purchases.
Market share disappears fast at that point.
Japan Times tells the story:
Surprisingly and interestingly, however, the quality of American shale oil is too good to be used in the U.S., resulting only in growing inventories. The reality seems to be that U.S. oil firms are using Japan as a destination for shale oil which they would have to sell at cheap prices inside the U.S. — on the pretext of helping a country with very limited energy resources.
Shale oil, which is light, low in sulfur content and rich in condensates, is easy to be processed into such oil products as gasoline and jet fuel. But these characteristics do not fit the refineries concentrated along the coasts of the Gulf of Mexico, which have been designed to process heavy crude petroleum imported from Venezuela and other Latin American countries
The oil game is 4-D chess.
The Shale boom did the old checkmate.
I AM THE MOB on Sun, 20th Jan 2019 12:55 pm
Don’t worry I fucked her good. You know how us Young bucks do it? your best days are behind you..
When the oil shortage hits the police won’t be able to come out and protect you..you will be on your own Mr libertarian zerohedger..I bet you shit youreslf trust fund baby..
Lol
Davy on Sun, 20th Jan 2019 1:47 pm
MOB, when you brag about sex it usually means you didn’t get any or your dick was limp. Which was it?