[RdSnt]

http://www.financialsense.com/Market/wrapup.htm

[DantesPeak]

I generally agree with his conclusions but some of the charts on imports into the US appear to be off. For example, imports into the US from Canada have been increasing over the last year - but his chart shows otherwise.

The key thing on exports is that throughout 2005 and 2006, US crude imports were on a plateau of about 10 million barrels per day. It appears to be slipping towards 9.6 to 9.7 mbpd right now. When you consider that exports should increase as US consumption increases, and prodcution stagnates, you realize there is a serious problem coming down the line.

[ohanian]

The graphs are misleading because the Y-axis does not start from zero.

[web]http://www.robelle.com/smugbook/stats.html[/web]

[Kingcoal]

We are peaking worldwide, surprise, surprise.

[MrMambo]

$this->bbcode_second_pass_quote('ohanian', 'T')he graphs are misleading because the Y-axis does not start from zero.

[aahala]

I don't believe the accuracy of Figure 3, World production and demand.

It shows five straight years where consumption has out-stripped
production and by a good margin each year. The only way this
could possibly be correct is if there were very large, or should
I say, extremely large, stockpiles of oil already produced before
the first year of the chart.

[Yvan]

Well the guy is obviously a chartist. Therefore his analysis is no better than cartomancy.

[MrBill]

$this->bbcode_second_pass_quote('DantesPeak', 'I') generally agree with his conclusions but some of the charts on imports into the US appear to be off. For example, imports into the US from Canada have been increasing over the last year - but his chart shows otherwise.

The key thing on exports is that throughout 2005 and 2006, US crude imports were on a plateau of about 10 million barrels per day. It appears to be slipping towards 9.6 to 9.7 mbpd right now. When you consider that exports should increase as US consumption increases, and prodcution stagnates, you realize there is a serious problem coming down the line.

[MrBill]

$this->bbcode_second_pass_quote('RdSnt', 'h')ttp://www.financialsense.com/Market/wrapup.htm

[DantesPeak]

$this->bbcode_second_pass_quote('MrBill', '')$this->bbcode_second_pass_quote('DantesPeak', 'I') generally agree with his conclusions but some of the charts on imports into the US appear to be off. For example, imports into the US from Canada have been increasing over the last year - but his chart shows otherwise.

The key thing on exports is that throughout 2005 and 2006, US crude imports were on a plateau of about 10 million barrels per day. It appears to be slipping towards 9.6 to 9.7 mbpd right now. When you consider that exports should increase as US consumption increases, and prodcution stagnates, you realize there is a serious problem coming down the line.

[RdSnt]

Well, it may be obvious to you MrBill, but to the majority of the population it isn't.
This site though doesn't service the general population, this is a conservative site and Chris is focused on making money. In this case he and the people viewing it are gold bugs, which in an uncharitable way means people waiting for disaster, to take advantage of it and makes pots of money.
He doesn't look at this with concern for the world, it's more a simple rational look at hard data and preparing to take advantage.
Now, morality aside, if this sort of information is being disseminated along conservative channels, perhaps some will respond positively and take some individual action to mitigate the worst we've all discussed here.
After all MrBill you must admit even the finest data you can come with is a guess at best, subject to tomorrows human responses. Which invalidates whatever you came up with today.
I'm not all that concerned about the fine accuracy of the charts, it's the general tone of the message that matters to me. The more people that have some warning, the more panic is mitigated. And panic is going to be the real killer here, not running out of things.


$this->bbcode_second_pass_quote('MrBill', '')$this->bbcode_second_pass_quote('RdSnt', 'h')ttp://www.financialsense.com/Market/wrapup.htm

[MrBill]

Dantespeak wrote:
$this->bbcode_second_pass_quote('', 'H')owever even as US demand is rising, crude imporst into the US during 2007 have been falling. So US inventories are running down, and the US will have to bid more agressively to rebuild inventories. But at this time, with refinery problems, the US is not bidding agressively, and marginal available supplies are going to Europe, at least for now. I am not as familiar with Eurpoean markets as you are, but they appear to have been impacted by the recent French port strike.

[MrBill]

$this->bbcode_second_pass_quote('RdSnt', 'W')ell, it may be obvious to you MrBill, but to the majority of the population it isn't.
This site though doesn't service the general population, this is a conservative site and Chris is focused on making money. In this case he and the people viewing it are gold bugs, which in an uncharitable way means people waiting for disaster, to take advantage of it and makes pots of money.
He doesn't look at this with concern for the world, it's more a simple rational look at hard data and preparing to take advantage.
Now, morality aside, if this sort of information is being disseminated along conservative channels, perhaps some will respond positively and take some individual action to mitigate the worst we've all discussed here.
After all MrBill you must admit even the finest data you can come with is a guess at best, subject to tomorrows human responses. Which invalidates whatever you came up with today.
I'm not all that concerned about the fine accuracy of the charts, it's the general tone of the message that matters to me. The more people that have some warning, the more panic is mitigated. And panic is going to be the real killer here, not running out of things.

[RdSnt]

$this->bbcode_second_pass_quote('MrBill', ' ')Speaking of morality, if others are then using my one-sided rants to make investment decisions or prepare for The Next Great Depression, how ethical is that?

[MrBill]

RdSnT wrote:
$this->bbcode_second_pass_quote('', 'T')elling the bald-faced truth to the general public about the near term implications of peak oil and global warming and what actually needs to be done about it, won't be rejected it simply won't be understood.

It would be like a thunder clap heard in your sleep. You might wake up and wonder if there was something going on then roll over and go back to sleep.
Until the tornado sweeps over your house