Filed under: Uncategorized | Tags: Econbrowser, EIA, Iran, Iran sanctions, James Hamilton, oil embargo, Strait of Hormuz
The most likely outcome of an embargo on oil purchased from Iran is that the countries participating in the embargo buy less oil from Iran while other countries not participating in the embargo by more oil from Iran ([1], [2]). While this would produce some dislocations, if total world oil production doesn’t change, it would have little effect on either Iran or oil-consuming countries, and would basically be a symbolic gesture.
via Econbrowser: Iranian oil embargo.
But, Hamilton reminds us, if the embargo is successful, it will have a profound effect on the oil market.
Filed under: Uncategorized | Tags: EIA, energy, energy outlook, oil, peak oil, predictions
These projections are looking sillier and sillier in graphic form.
This is what Hope looks like via EIA:
Of course there is also a ditch over on the left side of the graph, which breeds hope for the future among fans of energy use. But we came out of that ditch with Alaskan and N. Sea oil, and more Saudi oil. This time, we expect cooked sand and “tight oil” to pull us out of the total energy ditch?
Filed under: Uncategorized | Tags: CIA, Iran, Iran nuclear program, Swiss embassy in Tehran, Switzerland, targeted killings
http://www.reuters.com/article/2012/01/14/us-iran-nuclear-killing-idUSTRE80D0DO20120114
Documents? Yeah, I don’t think so.
Filed under: Uncategorized | Tags: Cantor, Iran, Iran oil exports, Iran sanctions, Saudi Arabia, who buys Iranian oil
Is it true though? Will it still be true six months from now when the sanctions kick in for Euro? Does it even matter if China, India et al keep buying Iran’s oil? Is this just theater, the whole thing?
Saudis have enough oil to make up for Iran.
Filed under: maps, Uncategorized | Tags: Australia, censorship, freedom, Internet censorship, privacy, World Wide Web
Part of a larger presentation at: http://open.youyuxi.com/
Hello Australia.
Filed under: maps, Uncategorized | Tags: protests, Qatif, Saudi Arabia, Shia, Shiite
Saudi security forces have clashed with protesters in the country’s Eastern Province, home to a large Shia minority, killing one person, the interior ministry and activists reported.
via Saudi forces clash with protesters in Qatif – Middle East – Al Jazeera English.
Filed under: Uncategorized | Tags: China, Iran, Iran oil exports, Iran sanctions, limpness, sanctions
Looking increasingly limp, U.S. tries to escalate by imposing sanctions on Chinese companies trading petroleum products with Iran. China laughs.
Filed under: Uncategorized | Tags: bicycling, bike, cycling, exercise, Parkinson's Disease
Bicycling is really good for you.
Filed under: Uncategorized | Tags: frac, fracking, hydraulic fracturing, hydrofracking, Marcellus Shale, New York, transportation, truck traffic
From http://www.un-naturalgas.org/NYSDOT%20Transportation%20Impacts%20Paper.pdf
Per well:
…and will find a way to pay for it.
http://www.reuters.com/article/2012/01/13/india-iran-imports-idUSL3E8CD05S20120113
Filed under: Uncategorized | Tags: Econbrowser, energy, gas tax, gasoline tax, Holland, James Hamilton, Knittel, petrol taxes, transportation
Via Econbrowser, writing about Knittel’s new paper.
Filed under: Uncategorized | Tags: China, energy, Iran, Iran sanctions, Japan, oil imports, oil trade, Turkey
My sense is that Iran and China can work things out without “the international financial system.” Curious policy from the U.S. now, could work very much in China’s favor.
U.S allies like Japan appear to support the sanctions by “reducing” their oil imports from Iran by some unknown amount.
Filed under: Uncategorized | Tags: efficiency, horsepower, Knittel, mpg, vehicle weight
From a paper by Christopher Knittel in American Economic Review (pdf).
http://web.mit.edu/newsoffice/2011/cars-on-steroids-0104.html
click to enlarge
Since 1980, horsepower has more than doubled, and average weight has gone way up, so mpg gains have been largely canceled.
Filed under: Uncategorized | Tags: China, exports, Geithner, Iran, Iran sanctions, oil imports, petroleum
The terms of the sanctions set arbitrarily by US govt. Could see this coming from the cheap seats.
http://www.nytimes.com/2012/01/12/world/asia/china-balks-as-geithner-presses-on-iran-curbs.html
And let’s just keep this little bit handy —
Filed under: Uncategorized | Tags: drilling, frac, frack, fracking, hydraulic fracturing, hydrofracking, Natural gas, regulation, shale gas, shale oil, shale play
…with one day left in comment period.
Filed under: Uncategorized
…especially if you completely ignore the millions of gallons of toxic waste water and dozens or even hundreds of tons of solid waste that result from every frac, as this curious little article in New Scientist does:
Fracking risk is exaggerated – environment – 11 January 2012 – New Scientist.
Some of the water is recycled. It’s unclear exactly how much.
Steve Jobs didn’t have to set up his business with such poor conditions for those making all the Apple products, but he chose to do that. And we chose to buy them. But that blissful ignorance is breaking down.
Correction: My brother tells me these are Bill Gates’ slaves, not Steve Jobs’ slaves. Building XBoxes.
Filed under: Uncategorized
From Gregor Macdonald, noting price per million BTUs, and the tremendous discount for North American natural gas over oil and natural gas overseas. Click for chart:
Prices-for-a-Million-btu-Buy-Source-in-USD1.png 579×579 pixels.
Filed under: maps, Uncategorized | Tags: Anbar, energy, Israel, Kirkuk, kurdistan, Mosul, oil, oil production, pipelines, supply lines, Turkey
…may be impossible.
From a very interesting article on the potential of oil production from Iraqi Kurdistan at the Oil Drum.
There’s a lot to consider on this map.
Industrialized Cyclist Notepad 
