[Gazzatrone]

Well the Title speaks for itself, but I thought I'd picturise the info from EIA's consumption/production XLS with global events thrown in.



I find it interesting that Production Rates are predominantly below Consumption Rates. I wonder if this would change if I used the Yearly averages instead of the Daily averages.

Also intersting is the "Stepping Stone" effect in Consumption. As From 1983, Consumption never goes down, but levels then picks up again.

{Title edited to reflect thread content by Shannymara - hope your toes heal!}

[Novus]

The most shocking thing about any of the oil charts that show recent data is the fact that we now consume 8 MBPD more oil today than we did on 9/11. You would think 9/11 of all things would wake people up and maybe things would start to change. Not only are we using more oil the tend is accelerating.

[PWALPOCO]

Wow , nice graph !

It really brings it home how much pressure has been put on the people in hard hats and overalls out in the deserts , on the oil rigs , and all the other unpleasant trouble spots , just to keep the black stuff flowing.

Its quite apparent we are totally addicted to the stuff and in ever increasing amounts. Sure weve had our moments (sometimes lasting years) when times are hard and weve not needed as much , but we recouperate , and we go on to use even more oil !

Its obvious that with the way things are going that if we lived in a world of infinite oil wed happily keep that consumption total rising ... over the last 20 years its roughly just shy of 1mbd. But we dont live in a world with infinite oil and by all accounts existing sources are dwindling and new production seems set to keep us at our current production levels.

In another thread is a graph showing us the "Export" peak ! And thats where things get very distressing ! Sure the first 50million out of 85 million barrels each day are consumed at home where it was made , but the last 35 million is transported elsewhere to get gobbled up. That 35mbd wedge is going to start getting thinner ...... apparently right about now !

So where do you live ? In a country that has oil at home , or do you rely on getting a bit of that 35mbd wedge ? Or perhaps youre a mix of the two ? For some people , peak oil may as well be now.

Paul

[sameu]

'windows 98 released'

[Gazzatrone]

$this->bbcode_second_pass_quote('sameu', ''')windows 98 released'

[shortonoil]

Novus said:

$this->bbcode_second_pass_quote('', 'N')ot only are we using more oil the tend is accelerating.

[PWALPOCO]

I quite liked the "Windows" references funnily enough , mainly because I can remember the sorts of things I was getting up to back then when those versions came out.

Secondly I did consider the point that PC use was starting to become more mainstream , the internet , albeit via dial up modems and so on made home PC use more common. Just consider the amount of extra power generation it must added on to keep all those PCs running, let alone all the resources gobbled up to make those PCs in the first place.


Paul

[AirlinePilot]

Someone please answer why consumption can be ahead of production so much on that chart. Is it possible that there were enough reserves in storage to account for this obvious anomaly?

Its just not intuitive to me. It almost seems like those two lines are labeled wrong. Very interested in why that is.

[grink1tt3n]

$this->bbcode_second_pass_quote('Gideon', '')$this->bbcode_second_pass_quote('shortonoil', 'I')n the US, the average home owner now owes more on their house than the house is worth!

[FoxV]

$this->bbcode_second_pass_quote('Gideon', 'S')hort on Oil - Cite?

[Gazzatrone]

$this->bbcode_second_pass_quote('AirlinePilot', 'S')omeone please answer why consumption can be ahead of production so much on that chart. Is it possible that there were enough reserves in storage to account for this obvious anomaly?

Its just not intuitive to me. It almost seems like those two lines are labeled wrong. Very interested in why that is.

[Gazzatrone]

$this->bbcode_second_pass_quote('FoxV', '')$this->bbcode_second_pass_quote('Gideon', '
')
in anycase, you should have some nice dents in your graph over the next couple of years Gazz'. This housing bust is nothing like the early 90's (which you didn't mark on your graph)

[AirlinePilot]

Oh, Im not accusing you of doing anything Gazzatrone. No problems at all with the data, Im just trying to get my head around how we could use more than we produce? Just doesn't make any sense to me. I had no attention of questioning the validity.

Sorry if you took it that way.

[Gazzatrone]

$this->bbcode_second_pass_quote('AirlinePilot', 'O')h, Im not accusing you of doing anything Gazzatrone. No problems at all with the data, Im just trying to get my head around how we could use more than we produce? Just doesn't make any sense to me. I had no attention of questioning the validity.

Sorry if you took it that way.