Filed under: Uncategorized | Tags: Azerbaijan, Brazil, Canada, depletion, North Sea, Norway, OECD, Oh Heck, oil supply, OPEC, peak oil, Reguly, Saudi Arabia
Like this Eric Reguly character of the Globe and Mail:
Why hasn’t the high price triggered a production surge? The biggie, it seems, is that the non-OPEC countries are simply not up to the job. As Barclays points out, non-OPEC supply last year landed at a full one million barrels a day less than forecast by the International Energy Agency. The North Sea (whose production is shared by Britain and Norway) continued its terminal decline. Brazil and Azerbaijan were also the scenes of production disappointments.
Meanwhile, OPEC, dominated by Saudi Arabia, is sweating exceedingly hard. OPEC production volumes are at three-year highs, to the point that the cartel has only about 1.6 million barrels a day of spare capacity, and still prices are climbing.
via CTV News | All the signs point to a falling oil price – except supply.
Filed under: Uncategorized | Tags: bicycle commuting, bicycle transportation, bicycling, bike, bike commuting, bike path, bikeways, biking, Boulder, commuter bikeway, Denver-Boulder, MUP, transportation, US 36
Which is awesome.
The first phase of the project — from Federal to 88th Street — includes:
• Adding an express lane in each direction of U.S. 36, where bus rapid transit and high-occupancy vehicles can travel, free of charge. Solo drivers also will be able to use the express lane by paying a toll, the cost of which will vary by the time of day.
• Reconstructing existing pavement on U.S. 36 and widening the highway to accommodate 12-foot inside and outside shoulders.
• Replacing the Wadsworth Parkway, Wadsworth Boulevard (at West 112th Avenue) and Lowell Boulevard bridges over U.S. 36.
• Installing a separate commuter bikeway along much of the corridor.
via U.S. 36 from Boulder to Denver to get $311 million in improvements – The Denver Post.
Filed under: Uncategorized | Tags: albatross, cash for clunkers, energy, February 2012 SAAR, light vehicle sales, oil consumption, peak oil, SAAR, transportation
via Rortybomb (who took the chart from Calculated Risk). MK is very excited about the auto numbers that came out today.
http://rortybomb.wordpress.com/2012/03/01/auto-sales-surpass-cash-for-clunkers-month/
Filed under: Uncategorized | Tags: energy, Iran, Iran oil exports, Iran oil production, Iran oil trade, Iran sanctions, Pakistan, petroleum, sanctions
First one’s free. Yeah.. If you like it, you know where to find me. Tell your friends.
“It is only an initial offer of 80,000 barrels on deferred payment at the moment,” Irfan Qazi, a spokesman for Pakistan’s Ministry of Petroleum and Natural Resources, told Reuters.
via Iran offers Pakistan 80,000 bpd of oil – official | Reuters.
Filed under: Uncategorized | Tags: census, durable goods, durable goods orders, economy, january 2012
http://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf
click link for entire pdf
Filed under: Uncategorized | Tags: auto bailout, bailouts, car dealers, cash for clunkers, channel stuffing, energy, General Motors, GM, Government Motors, inventory, new car inventory, peak oil, transportation
via Zero Hedge:
Industrialized Cyclist Notepad 