Tag Archive: Petroleum

The Best of Lee: Peak Oil

You remember peak oil? Um, yeah:

Oil depletion studies commonly focus on the supply of conventional petroleum without as much attention to the other side of the equation, which is petroleum demand. In this study, we examine the trends affecting demand for conventional oil in the future to see under what conditions “peak demand” for oil might arise. We find that historical trends in oil use lead to a peak in demand for oil

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Speculating About Oil

Gasoline prices have reached absurd levels. In my town – which is not exactly the most expensive market – the price today was $3.83 per gallon. This is kind of odd since we are not yet in the summer travel season and the global economy, while improving, is not exactly on fire. So what is driving it? As with all thing, the Left has their ready-made answer: eeeeevil speculators. But Ezra Klein has put up … Read more

Perspective…

This WSJ on Canada’s Oil sands producing a plethora of jobs deals real well with the difference between us and them when you get information like this:

Yet Canada has outperformed the U.S. since then. In 2010, according to the International Monetary Fund, Canada grew at 3.2% versus 2.9% in the U.S. In 2011, the IMF estimates Canada will grow at 2.9%; unemployment is now 7.3%. The IMF’s U.S. growth forecast is 2.5% this year,

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