Wednesday, July 11, 2012

OPEC says Liquid Fuel Down Slightly


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.

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3 comments:

  1. Alexander AcJuly 12, 2012 at 6:48 AM

    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

    ReplyDelete
  2. Lars-Eric BjerkeJuly 12, 2012 at 3:45 PM

    Stuart,

    Do you plan to comment on Aleklätts "Peeking at Peak Oil"?

    ReplyDelete
  3. Stuart StanifordJuly 13, 2012 at 4:14 AM

    Alas - the OMR is not deigning to tell us proles and cheapskates without a subscription what oil supply was in July.

    ReplyDelete