United States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth of 1.5% per year had continued. This drop in consumption is no doubt related to a rise… More »
This is a guest post by James Hamilton, Professor of Economics at the University of California, San Diego. This post originally appeared on the Econbrowser blog here.
A lot of attention has been given to the optimistic assessments of future U.S. and Ir… More »
Stuart Staniford is a scientist and innovator in the technology industry with advanced degrees in physics and computer science.
This post presents the latest data from the Energy Information Administration (EIA), the International Energy Agency (IEA), and the Organization of Petroleum Exporting Countries (OPEC) on crude oil and associated liquids production and price as of January 2012. This article is cross posted from Early Warning, where it forms part of a long-running series of articles that charts monthly changes in global oil supply (total liquids) from the EIA, IEA, and OPEC.
Total liquid fuels were at all time highs ... More »
The national survey of likely voters found that 75 percent do not believe the country is sufficiently developing its own resources. More »