Industrialized Cyclist Notepad

January 26, 2012, 22:18
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A new article in Nature acknowledges apparent peak in crude oil supply around 2005, and associated bits of nasty math, including depletion of existing supergiant fields and sharp decline in shale gas wells. Here’s the citation for the article:

Murray and King say “we need to start immediately” to mitigate the effects of Peak Oil. But the effects of Peak Oil are already mitigating us.

via Energy Bulletin:

click to enlarge

Chinese oil demand
January 26, 2012, 06:20
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…In 2011, was up, but apparently slowing down. The Chinese are using about 9.6 mbd, about half of the American total.

From Rigzone.

Refinery shutdown leaves London thirsty for gas

Via Reuters.

Love a good Friedman takedown
January 26, 2012, 01:39
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From Beat the Press.

So why are we still saddled with these mediocre and expensive professionals in the U.S.?