The graph is above. I'm sure the decline is not in any way statistically significant, but still it reinforces the impression that growth in the liquid fuel supply stopped in January of this year. It's been essentially flat since then. With prices not rising, that suggests a weak global economy.
The IEA will release the OMR tomorrow, so we may get another data point then.
3 comments:
Hi Stuart, OT. What did you write about *future* drought?
There you go: U.S. Declares the Largest Natural Disaster Area Ever Due to Drought
There you go... Alex
Stuart,
Do you plan to comment on Aleklätts "Peeking at Peak Oil"?
Alas - the OMR is not deigning to tell us proles and cheapskates without a subscription what oil supply was in July.
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