Kris Carlson

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World oil consumption by country

IEA forecast upped today by 500KB/day to ~85MB/day.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2174rank.html

It’s interesting that the major BP discovery in the Gulf of Mexico, 3 billion barrels estimated, will only supply the world for 12 days. Clearly we need an alternative way to produce petroleum products than by drilling, pumping, shipping and refining oil.

September 11, 2009 - Posted by | Economics |

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