[quote="SeaGypsy"]It's a rhetorical question. It's ELM M_B_S.
http://www.aspousa.org/index.php/2012/0 ... edictions/From your link:
"While it is true that the EIA shows that total liquids production worldwide, inclusive of low net energy biofuels, increased at 0.5%/year from 2005 to 2010, the use of a calculator shows that the global supply of net oil exports available to importers other than China and India (what I call Available Net Exports, or ANE) fell at 2.8%/year from 2005 to 2010. I estimate that the ANE decline rate will accelerate to between 5%/year and 8%/year in the 2010 to 2020 time frame.”**************
I have verified it with German Crude Oil imports. And yes until 2006 Germanys oil import decline rate is ~4% p. anno.
112 million metric tons in 2006 to 90 million metric tons in 2011 http://www.bafa.de/bafa/de/energie/mine ... index.htmlThanks for the interesting links
M_B_S
Actual we sea a "mega" fuel crisis in Egypt:
http://www.nytimes.com/2012/01/16/world ... ss&emc=rssThe state news media said the empty pumps and long lines were caused by hoarding, prompted by what were called false rumors of an impending increase in gasoline prices, which the government sets at artificially low levels through enormous subsidies.
The shortage comes at a time when the government is running out of money that it might use to increase fuel supplies, if only to dispel such panic. Egypt’s reserves of foreign currency, needed both to prop up the Egyptian pound and to keep fuel prices down, have dwindled to critically low levels.
The crisis began with the collapse of tourism and foreign investment, two vital sources of foreign currency for the country, after the revolts that ousted President Hosni Mubarak broke out a year ago. So in 2012 we will sea more riots in the arab world even in Egypt.
PEAK OIL!
M_B_S
