Category Archives: Americas

Rebounding US Oil Production: The Historical View

Excitement continues to run at very high levels, over the rebound in US crude oil production. Coming out of the new, historic low of 4.95 mbpd (million barrel per day) in 2008, the annual average of US production in the first 4 months of 2012 is currently on pace at 6.156 mbpd. This new production […]

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The Race for BTU

Dear Readers: I’m currently writing a long-form post twice a month now for Chris Martenson’s excellent website. Accordingly, I’ll be publishing the first (and free) part of these essays here at w88ประเทศไทย www.pinyourcrafts.com. Enjoy. — Gregor The world’s major central banks — including the Bank of Japan (BOJ), the European Central Bank (ECB), and the Federal […]

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The Price of Growth

Dear Readers: I’m currently writing a long-form post twice a month now for Chris Martenson’s excellent website. Accordingly, I’ll be publishing the first (and free) part of these essays here at w88ประเทศไทย www.pinyourcrafts.com. Enjoy. — Gregor ___________________________________________________________________________ Growth. It’s what every economist and politician wants. If we get ‘back to growth’, servicing debts both private and […]

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For A Million BTU

The price differential for a million btu is blowing out once again, between Global oil and North American natural gas. The extraordinary discount has persisted for some years. But today, with West Texas Intermediate (WTIC) oil above $100 and Brent oil above $110, the spread has reached new highs. The energy content of natural gas […]

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The End of Growth in the United States

With one month to go in the data series, US Total Non-Farm Payrolls have averaged 131.08 million in 2011. The problem is that the US is a Very Large System, and needs growth to support its array of future obligations, primarily Social Security and the debt it incurs to run its military budget, and other […]

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Selling the Oil Illusion, American Style

Dear Readers: I’m currently writing a long-form post twice a month now for Chris Martenson’s excellent wesbsite. Accordingly, I’ll be publishing the first (and free) part of these essays here at w88ประเทศไทย www.pinyourcrafts.com. Enjoy. — Gregor ___________________________________________________________________________ “The task of the real intellectual consists of analyzing illusions in order to discover their causes.” ~ Arthur Miller […]

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Punk US Oil Demand and Export Confusion

The US is using spare refining capacity to export millions of barrels of oil products, while US domestic demand remains weak.?One of the more common misunderstandings I see in energy circles right now is the idea that US oil demand has rebounded strongly since 2008. It hasn’t. The explanation can be found in the widening […]

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Eating Gasoline in America

Deep in the consensus-reality shared by post-war economists is the belief that the US economy transformed itself over the past thirty years, and now operates with much less sensitivity to energy costs. Indeed, in the cheap oil era and as the US developed its FIRE economy (finance, insurance, real estate), the energy inputs needed to […]

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Friday Notebook: Drive, Roads, Infinitum

Bottomless wonders spring from simple rules which are repeated without end.? –Benoit Mandelbrot Andrew Filippone’s short film Commute is reminiscent of both the early days of cinema, when the miracle of moving images was used to resolve questions about motion, and also the avant-garde period much later in the 1960’s when filmmakers used the camera […]

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Visualizing US Energy Policy

There is a rather antiquated belief that the oil and gas industry drives US energy policy. This is usually framed in people’s minds as a pleading oil and gas lobbyist making sure that the US stays hooked on oil. While this image may be accurate with regards to the US coal industry, which does indeed […]

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