European Tribune - Comments - Countdown to $100 oil (51)

Countdown to $100 oil (51) - we'll never see 100mbd | 23 comments (23 topical, 0 editorial, 0 hidden)

add to that the export land model (4.00 / 2)

whereby

higher gas prices lead to domestic economic growth in oil exporting countries, which leads to
those countries consuming a greater proportion of the oil they produce, which leads to
an effective "demand peak" where they cease to export oil before their supplies run out, which
takes oil off the international oil markets even faster than depletion rates would suggest, which
puts more pressure on the remaining oil exporting countries, whose fields are also subject to the same pressures

by wu ming on Thu Nov 1st, 2007 at 01:33:15 PM EST

I always flag in my stories that oil demand growth is strongest in the oil producing countries. In fact, amongst the 6 biggest increases in oil consumption (in absolute numbers), you have Saudi Arabia, Iran, Russia, Canada, all major exporters - and the US and China, also significant producers themselves.

The tables below do not show exactly this (they are about the biggest variations in oil production), but you can see that info in there indirectly:

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Nov 1st, 2007 at 02:11:41 PM EST
[ Parent ]

Countdown to $100 oil (51) - we'll never see 100mbd | 23 comments (23 topical, 0 editorial, 0 hidden)

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