Item of General Interest
July 25. I received notice today that an article I helped write is available for free download for the next fifty days. The corrected free link for the article is "An Oil Production Forecast for China Considering Economic Limits." The article discusses the possibility that oil prices may not rise endlessly, and evaluates three future price scenarios. Under the "low" scenario (prices remain under $50 per barrel), oil production in China has already peaked.
Tag Archives: gasoline
Why is US Oil Consumption Lower? Better Gasoline Mileage?
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 … Continue reading
How High Oil Prices Lead to Recession
There is ample evidence that spikes in oil prices leads to recession, at least in the US, which is an oil-importing nation. James Hamilton has shown that 10 out of the last 11 US recessions were associated with oil price … Continue reading
Posted in Financial Implications
Tagged asphalt, diesel, gasoline, government deficits, high oil prices, hydrocracking, jet fuel, oil prices, recession
85 Comments
Why High Oil Prices Are Now Affecting Europe More Than the US
The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. The issues then become: Which buyers get the oil? What uses get priced out of the market? … Continue reading
Posted in Financial Implications
Tagged Brent, debt defaults, diesel, Europe, Eurozone, fossil fuel, gasoline, imported oil, natural gas, oil, oil prices, peak oil, petroleum, recession, West Texas Intermediate, WTI
75 Comments
