Peak Oil: The oil crisis fianlly came home (I)


	Peak Oil: The oil crisis fianlly came home (I)

f_pereztrejo

5-24-2007 5:51 AM

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tags:

peak oil, energy

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/47a64dd9-f967-435e-8ba2-90b6ba885bb7/1DD58DB3-18A1-45EA-8E1E-6E52FA2FB7AA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://groovygreen.com/index.php?option=com_content&task=view&id=364&Itemid=57" href="http://groovygreen.com/index.php?option=com_content&task=view&id=364&Itemid=57" style="font-size: 11px;">groovygreen.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://groovygreen.com/index.php?option=com_content&task=view&id=364&Itemid=57"><table background="undefined" bgcolor=""><tr><TD width="100%" class="contentheading">So Why Is Gas So Damn Expensive?									</TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://groovygreen.com/index.php?option=com_content&task=view&id=364&Itemid=57"><table background="undefined" bgcolor=""><tr><TD width="70%" valign="top" align="left" colspan="2"><SPAN class="small">
						 Written by Aaron Newton					</SPAN>
</TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://groovygreen.com/index.php?option=com_content&task=view&id=364&Itemid=57"><table background="undefined" bgcolor=""><tr><TD valign="top" class="createdate" colspan="2">Tuesday, 22 May 2007				</TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://groovygreen.com/index.php?option=com_content&task=view&id=364&Itemid=57"><P class="MsoNormal"> Sure there's <A href="http://www.jeffvail.net/2007/05/nigeria-escalation.html">some trouble in Nigeria</A> with a recent attack increasing the price of oil per barrel by a few dollars, but there has been no enormous invasion or massive natural disaster on which to blame this most recent price record.  The best mainstream media can come up with is 'limited refining capacity' as their reason du jour for high prices at the pump.  But we examined <A href="http://groovygreen.com/groove/?p=1376" target="_blank">the deeper implications of limited refining capacity</A> several weeks ago even before Congress did such <A href="http://www.theoildrum.com/node/2568" target="_blank">a woeful job</A> of investigating it (hat tip Robert Rapier).  And it is true that national gasoline stocks are lower and Memorial driving Day is right around the corner.  But take a look at this steady trend of price increase and it seems obvious that "refining capacity" is just not enough to explain away the increase.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://groovygreen.com/index.php?option=com_content&task=view&id=364&Itemid=57"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/groovygreen.com/img/8C49E249-9A68-441B-850A-8D4AEC3177C3" alt="chart2" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1DD58DB3-18A1-45EA-8E1E-6E52FA2FB7AA/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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