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Peak Oil News: Consumption; Demand; Prices

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Boat tail reduces truck fuel consumption by 7.5 percent
Consumption; Demand; Pricesvox_mundi writes "

An articulated lorry was driven for a period of one year with a boat tail (of varying length) and one year without a boat tail. The improved aerodynamics, depending on the length of the boat tail, resulted in reduced fuel consumption (and emissions!) of up to 7.5 percent. The optimum boat tail length proved to be two metres. "

Posted by Leanan on Friday, November 06 @ 11:53:48 PST (263 reads)
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Australia: Diesel fuel shortage causes anger among truck drivers
Consumption; Demand; PricesVICTORIAN truckies are fuming about a diesel fuel shortage caused by drought-breaking rain and an early harvest.

And industry insiders say motorists should also expect shortages of unleaded petrol in the period leading up to Christmas.

Posted by Leanan on Friday, November 06 @ 10:06:56 PST (190 reads)
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10 Most Surprising Places to Find Petroleum
Consumption; Demand; PricesKethaney writes "

Surprise. Moving away from oil is going to take more work than driving hybrids and avoiding plastic.

About one quarter of the oil consumed in this country is used for industrial purposes. Plastic production is the most obvious example, as awareness grows of the harm plastic does to the earth and people shun the material when they can.

But oil has permeated more of our lives than most people realize. Here, the most surprising places you'll find oil, in some form, as a key ingredient: "

Posted by Leanan on Friday, November 06 @ 09:32:48 PST (345 reads)
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Six Days
Consumption; Demand; PricesLorne writes "

The world of today is not defined by the banking crisis, credit crunch or questionable morals of some of our politicians. Equally it’s not defined by terrorism and conflict in Afghanistan, Iraq or Israel. It’s not even defined by the good things that we often overlook such as our unprecedented life expectancy, quality of living or social safety nets. Instead, today’s world and all it provides us can be defined by a single number.

Here in the UK like most of Europe that number is 6. In North America and Australia it’s 3, in China and India 30, and in the less touristy parts of Africa it’s something over a thousand. "

Posted by Leanan on Friday, November 06 @ 08:33:06 PST (354 reads)
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Dr. Albert Bartlett's "Laws of Sustainability"
Consumption; Demand; Pricesprofgoose writes "

The Laws that follow are offered to define the term "sustainability." In some cases these statements are accompanied by corollaries that are identified by capital letters. They all apply for populations and rates of consumption of goods and resources of the sizes and scales found in the world in 2005, and may not be applicable for small numbers of people or to groups in primitive tribal situations.

These Laws are believed to hold rigorously. "

Posted by Leanan on Friday, November 06 @ 08:31:14 PST (186 reads)
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Volatility here to stay in an uncertain oilpatch
Consumption; Demand; PricesThere is quite the bun fight going on these days among oil price prognosticators, with much of it taking place on editorial pages and through the airwaves.

While many make fun of economists--saying that if all the economists in the world were strung end to end around the globe, they would fail to reach a conclusion-- the same might be true for those predicting the direction of oil prices.

Posted by Leanan on Friday, November 06 @ 05:02:51 PST (172 reads)
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What "Lower Consumption" Means
Consumption; Demand; Pricesprofgoose writes "

Executive Summary: The fevered frenzy of Industrial Civilization’s resource consumption appears to have finally reached its apex and begun its decline in this, the first decade of the twenty-first century. A closer look at the physical realities of resource extraction reveals that the resource situation is, in fact, terminal for our high-consumin’ civilization. Resource depletion is a predicament requiring adaptation to an entirely new low-consumption paradigm, rather than a problem to be solved with technological or social solutions. As a country, we need to start the conversation about what a lower-consumption, resource-poor society would look like, and begin the appropriate preparations."

Posted by Leanan on Thursday, November 05 @ 07:59:44 PST (225 reads)
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World Need for Oil Expected to Ease
Consumption; Demand; PricesThe International Energy Agency next week will make a "substantial" downward revision to its long-term forecast for global oil demand, a person familiar with the matter said, marking the second year running the group has slashed its view of the world's thirst for oil.

The forecast of slower growth in oil demand puts the IEA increasingly in a camp of contrarians bucking the popular view that crude demand will grow briskly in a postrecession world. That view holds that long-term demand will grow at a fast clip because of rising emerging-market wealth and consumption in places like China and India.

Posted by waegari on Thursday, November 05 @ 04:52:07 PST (138 reads)
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Peak oil review - Nov 2
Consumption; Demand; Prices

1. Production and prices

2. West Texas Intermediate

3. Run-up to Copenhagen

Quote of the Week

The Briefs

Posted by coyote on Wednesday, November 04 @ 17:34:55 PST (169 reads)
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The Crude Truth About Oil Reserves
Consumption; Demand; Prices

The coming century will overflow with petroleum.

It offends conventional wisdom. It will also seem nasty to the doom-sayers, who for decades have predicted an oil scarcity that never came. But the 21st century is very likely to overflow with oil. There are at least three main reasons for this.

First, oil reserves are finite. This is incontrovertible. But even so, no one knows how finite they are. And since we don't know the total amount of oil resources existing underground, it's impossible to calculate the curve of future supply.

Posted by coyote on Wednesday, November 04 @ 17:30:32 PST (236 reads)
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IEA to forecast natural gas glut: report
Consumption; Demand; Prices

LONDON (Reuters) - The International Energy Agency (IEA) is set to forecast global supplies of natural gas will rise faster than demand in coming years, the Financial Times newspaper reported on Thursday.

"Global gas markets have evolved from a seller's market, driven by tight supply and demand, to a buyer's market as demand weakens while new supply comes onstream," the IEA says in a draft report of it World Energy Outlook, to be published November 10, according to the FT.

Posted by coyote on Wednesday, November 04 @ 17:15:53 PST (142 reads)
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IEA to cut long-term oil demand outlook next week: report
Consumption; Demand; Prices

SINGAPORE (Reuters) - The International Energy Agency will "substantially" downgrade its long-term oil demand forecast in its annual energy outlook next week, the second cut in a row, the Wall Street Journal reported on Wednesday.

Efforts to better manage expanding oil demand in the developed world have been more effective than first expected, the paper quoted a person familiar with the report as saying. It did not give any estimates on how deep the cut might be.

Posted by coyote on Wednesday, November 04 @ 17:08:01 PST (95 reads)
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Never believe the oil forecasters
Consumption; Demand; Prices

If there is one thing OPEC Secretary General Abdullah al-Badri would really like to get rid of, it’s analysts forecasts of how much oil there is sitting in storage in the world’s biggest energy consumer the United States.

“The forecasts are always wrong,” he has told Reuters. “Why do you carry on running them?”

Posted by coyote on Wednesday, November 04 @ 17:06:16 PST (113 reads)
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Goldman’s Currie Says Oil Drives Dollar Down, Not Vice Versa
Consumption; Demand; Prices(Bloomberg) -- Crude oil, which has risen 80 percent this year, is causing the U.S. dollar to weaken, driving metals and other commodities higher, according to Jeffrey Currie, head of commodity research at Goldman Sachs Group Inc.

While oil has risen, the U.S. currency has weakened, leading to speculation that the dollar’s depreciation is driving investors to buy oil as an inflation hedge, thereby pushing up the price of crude.

Posted by Leanan on Wednesday, November 04 @ 11:49:11 PST (159 reads)
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Peak demand: Going big?
Consumption; Demand; PricesIs peak demand concept going mainstream?

The IEA is set to revise its long-term oil demand forecasts - for 2030 - downwards again this year, according to the Wall Street Journal. Citing a person ‘familiar’ with the forecast, the WSJ story doesn’t give an number, but hints at two reasons: first quoting the source as referring to “demand-management policies” having a bigger than expected effect, and the drop in industrial production is apparently also a “big factor”.

Posted by Leanan on Wednesday, November 04 @ 10:23:31 PST (225 reads)
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Old Articles
Wednesday, November 04
· Jeff Rubin: Why is oil already so high?
· Rogers Says Roubini Is Wrong on Bubbles as Gold, Stocks Rally
Tuesday, November 03
· Are Higher Prices the 'New Normal' for Oil?
· China OGP halts coverage of crude, products stockpiles
· The End Of Electricity
Monday, November 02
· An oil bubble
· UK: Conference urged to look towards business in a world without oil
Sunday, November 01
· Retail gas prices highest in a year; up 17 straight days
Saturday, October 31
· Rubin: Oil price to affect trade
· Oil to touch $100 per barrel in the longer term, say analysts
· No easy answers when electricity is cut off
· U.S. Inflation to Appear Next in Food and Agriculture
Friday, October 30
· Exxon, Majors Battle to Lift Profits as Oil Use Sags
· Jeff Rubin: Get ready for triple-digit oil again soon
Thursday, October 29
· Oil companies give cool outlook
· Powermeter: Google's household energy monitor arrives in UK
Wednesday, October 28
· Saudis drop WTI oil contract
· UK: Oil-linked gas deals face harsh winter
Tuesday, October 27
· What Adds Up to $80 a Barrel Oil
· Energy Market Reviews

Older Articles
 
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