tag:blogger.com,1999:blog-4921988708619968880.post1645918223284008569..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: February 25 2009: Put it all on redIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger78125tag:blogger.com,1999:blog-4921988708619968880.post-48729124743603120222009-02-27T02:01:00.000-05:002009-02-27T02:01:00.000-05:00@westexasso we have about five days of supply in e...@westexas<BR/><BR/><I>so we have about five days of supply in excess of MOL</I><BR/><BR/>isn't that the same figure I quoted from Williams...?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-2046793690137479912009-02-26T21:19:00.000-05:002009-02-26T21:19:00.000-05:00wow, z; gorgeous music. Who's the artist? I was ...wow, z; gorgeous music. Who's the artist? I was expecting Chopin at first- but I think not.<BR/><BR/>Thanks! It's serving as a lullaby, at the moment!Greenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53875823963749630832009-02-26T17:38:00.000-05:002009-02-26T17:38:00.000-05:00Stoneleigh - do you do any public speaking on thes...Stoneleigh - do you do any public speaking on these issues? I am looking for a speaker to provide an orientation for a meeting of health officers. I can be reached at wortman dot md at gmail dot com.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-25045513925281712052009-02-26T17:33:00.000-05:002009-02-26T17:33:00.000-05:00Yes, and both reports show 215 mb of gasoline stoc...Yes, and both reports show 215 mb of gasoline stocks. MOL is about 170 mb. We use about 9 mbpd, so we have about five days of supply in excess of MOL. <BR/><BR/>This graph also puts crude inventories in perspective:<BR/><BR/>http://tonto.eia.doe.gov/dnav/pet/hist/w_epc0_vsd_nus_daysw.htmwestexashttps://www.blogger.com/profile/13648669299354997219noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21267156819507951782009-02-26T17:28:00.000-05:002009-02-26T17:28:00.000-05:00Yes, and both reports show 215 mb of gasoline stoc...Yes, and both reports show 215 mb of gasoline stocks. MOL is about 170 mb. We use about 9 mbpd, so we have about five days of supply in excess of MOL. <BR/><BR/>This graph also puts crude inventories in perspective:<BR/><BR/>http://tonto.eia.doe.gov/dnav/pet/hist/w_epc0_vsd_nus_daysw.htmwestexashttps://www.blogger.com/profile/13648669299354997219noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79450518807074872852009-02-26T16:26:00.000-05:002009-02-26T16:26:00.000-05:00@westexasYou're looking at the EIA Weekly Supply E...@westexas<BR/><BR/>You're looking at the EIA Weekly Supply Estimates, which is a summary report. I believe the stocks figures James Williams uses come from <A HREF="http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/txt/table1.txt" REL="nofollow">the weekly status report</A>, which is a detail report.<BR/><BR/>The SPR figures I posted above came Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-85285444138575004762009-02-26T16:11:00.000-05:002009-02-26T16:11:00.000-05:00In any case, here is the EIA website:http://tonto....In any case, here is the EIA website:<BR/><BR/>http://tonto.eia.doe.gov/dnav/pet/pet_sum_sndw_dcus_nus_w.htm<BR/><BR/>The EIA shows that we have 24 Days of Supply of total gasoline stocks, and as noted above, about five days of supply in excess of MOL.westexashttps://www.blogger.com/profile/13648669299354997219noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79911025859471600492009-02-26T15:55:00.000-05:002009-02-26T15:55:00.000-05:00@westexasThanks for the links.The figures aren't m...@westexas<BR/><BR/>Thanks for the links.<BR/><BR/>The figures aren't mine. They come from an energy newsletter I subscribe to - James Williams, <A HREF="http://www.energyeconomist.com" REL="nofollow">The Energy Economist</A>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83302366827587757612009-02-26T15:51:00.000-05:002009-02-26T15:51:00.000-05:00this is for the recently deceased ones mentioned a...<A HREF="http://www.imeem.com/people/fnocsvF/music/HElwQerP/gf_t_n_f48rmp3/" REL="nofollow">this</A> is for the recently deceased ones mentioned at the end of today's Noon Summary.<BR/><BR/>zAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-60428855309288485992009-02-26T15:47:00.000-05:002009-02-26T15:47:00.000-05:00Re: aitraderGreenman pretty well described the Net...Re: aitrader<BR/><BR/>Greenman pretty well described the Net Export concept. Here is a link to our paper on the top five net oil exporters:<BR/><BR/>http://graphoilogy.blogspot.com/2008/01/quantitative-assessment-of-future-net.html<BR/><BR/>Regarding your inventory numbers, I think you have a typo regarding gasoline inventories. In any case, we need to look at inventories in terms of Minimum westexashttps://www.blogger.com/profile/13648669299354997219noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19627977614777857342009-02-26T15:40:00.000-05:002009-02-26T15:40:00.000-05:00@Stoneleigh:Excellent, so now I know!@Stoneleigh:<BR/>Excellent, so now I know!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83602095460406081482009-02-26T15:33:00.000-05:002009-02-26T15:33:00.000-05:00Dr Chaos,I was in Vancouver on business recently a...Dr Chaos,<BR/><BR/><I>I was in Vancouver on business recently and noticed a Sauvignon Blanc from New Zealand called "Stoneleigh" on a restaurant wine list! Is that where you got your pseudonym? Just curious.</I><BR/><BR/>I've tried a bottle of that wine, as it simply had to be done :)<BR/><BR/>My pseudonym actually comes from a beautiful village near where I used to live in England (in the Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-88935531965616306812009-02-26T15:26:00.000-05:002009-02-26T15:26:00.000-05:00@Stoneleigh:I was in Vancouver on business recentl...@Stoneleigh:<BR/>I was in Vancouver on business recently and noticed a Sauvignon Blanc from New Zealand called "Stoneleigh" on a restaurant wine list! Is that where you got your pseudonym? Just curious.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-65072656044880486902009-02-26T14:49:00.000-05:002009-02-26T14:49:00.000-05:00@GreenmanThanks. Familiar with the concept but not...@Greenman<BR/><BR/>Thanks. Familiar with the concept but not the terminology. In my terms the "net oil exports" concept means that exports follow a decline curve but suddenly drop to zero when the curve intersects the minimum domestic supply requirements.<BR/><BR/>I've seen the graphical projections for the UK. I do not completely agree with the concept as there must be some export-price Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-45212162022714174902009-02-26T14:30:00.000-05:002009-02-26T14:30:00.000-05:00@ goritsasTwo of the big problems in discussing Pe...@ goritsas<BR/><BR/>Two of the big problems in discussing Peak Oil is defining what we mean by "peak", and what we mean by "oil".<BR/><BR/>My statement, which you quoted, used an "e.g." as in "this is one definition".<BR/><BR/>C+C peak was some time back (2004? 2005? I forget).<BR/><BR/>There is nothing magical about the January-December time frame - one could also use a running 12 month intervalAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-34542687312658427032009-02-26T14:20:00.001-05:002009-02-26T14:20:00.001-05:00acrumb wrote:"Mexico is in free fallWith cartels t...acrumb wrote:<BR/>"Mexico is in free fall<BR/>With cartels taking over cities and killing all anti-drug officials, the country is crying out for help – but is unlikely to get it from the US"<BR/><BR/>Just the opposite. The Mexican gov't has repeatedly turned down requests from the US for help. The are concerned that the US may close down or limit border traffic, which would be devistating to the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-66904868097619677052009-02-26T14:20:00.000-05:002009-02-26T14:20:00.000-05:00acrumb wrote:"Mexico is in free fallWith cartels t...acrumb wrote:<BR/>"Mexico is in free fall<BR/>With cartels taking over cities and killing all anti-drug officials, the country is crying out for help – but is unlikely to get it from the US"<BR/><BR/>Just the opposite. The Mexican gov't has repeatedly turned down requests from the US for help. The are concerned that the US may close down or limit border traffic, which would be devistating to the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-13919298222523202102009-02-26T13:58:00.000-05:002009-02-26T13:58:00.000-05:00@westexasExcuse my ignorance but what is "net oil ...@westexas<BR/><BR/>Excuse my ignorance but what is "net oil exports" as opposed to "gross oil exports" or just "oil exports"?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-70734325379724992492009-02-26T13:53:00.000-05:002009-02-26T13:53:00.000-05:00@GreenManA collapse by Mexico's central govern...@GreenMan<BR/><BR/>A collapse by Mexico's central government would be a godsend to -0- and to the US economy. In fact, as we each puzzle through each day's announcements (or non-announcements as it were), the one thing that isn't being addressed is ... Mexico.<BR/><BR/>Why is that? Could it be that it would take millions of previously unemployed & freshly minted troops to occupy Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51700234246806561392009-02-26T13:36:00.000-05:002009-02-26T13:36:00.000-05:00Another interesting speech that I don't think got ...Another interesting speech that I don't think got any MSM reporting concerns former Fed Chairman Paul Volcker. Apparently he escaped from whatever cell they've been holding him in, and he spoke in Canada. Transcript here, courtesy of jsmineset.com:<BR/><BR/><A HREF="http://jsmineset.com/index.php/2009/02/24/market-commentary-from-monty-guild-21/" REL="nofollow">Volcker Speech in Toronto</A><BR/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-58608623759003792062009-02-26T13:28:00.000-05:002009-02-26T13:28:00.000-05:00GreenMan,Peak Oil is about maximum rate of product...GreenMan,<BR/><BR/><I>Peak Oil is about maximum rate of production, e.g. for all liquids in a calendar year. </I><BR/><BR/>Peak Oil is the peak in production, and the onset of decline, of conventional crude, C&C (crude and condensate). It has nothing to do with all liquids. All that matters, and all that has mattered, and all that will matter, is good, old fashioned crude oil. The stuff that goritsashttps://www.blogger.com/profile/09767556060065779629noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-70459308882726515352009-02-26T13:24:00.000-05:002009-02-26T13:24:00.000-05:00The Media Education Foundation is about to release...The Media Education Foundation is about to release a new documentary called "Capitalism Hits the Fan." It's narrated by Richard Wolff, a UMass econ prof. Transcript available here:<BR/><BR/><A HREF="http://www.mediaed.org/assets/products/139/transcript_139.pdf" REL="nofollow">Capitalism Hits the Fan</A> (PDF file)<BR/><BR/>Seems to have a good background, big-picture view of history, but the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29849717426020416962009-02-26T13:23:00.000-05:002009-02-26T13:23:00.000-05:00@GreenmanThanks for the review.Couple of figures I...@Greenman<BR/><BR/>Thanks for the review.<BR/><BR/>Couple of figures I keep my eye on.<BR/><BR/>Rotary Rig Count - North America<BR/><BR/>2/22/08 2,481<BR/><BR/>2/20/09 1,701<BR/><BR/>5/1/09 1,200 (if trendline continues)<BR/><BR/>At current rates of consumption there are over 52 days of finished gasoline stocks which is 3.4 days more than last year and 5 days higher than the average for FebruaryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-55339395742474669082009-02-26T12:40:00.000-05:002009-02-26T12:40:00.000-05:00noon summary- well, someone has to lead the zombie...noon summary- well, someone has to lead the zombies, I suppose. What the hay. I'll be around.Greenpahttps://www.blogger.com/profile/17224906349154302210noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-64811071090098554362009-02-26T12:39:00.000-05:002009-02-26T12:39:00.000-05:00I might have to divert a small amount of my monthl...I might have to divert a small amount of my monthly TAE donation to the Noon Summary.Unknownhttps://www.blogger.com/profile/15614205920972531674noreply@blogger.com