Tag Archives: imports

US GDP, Energy Consumption and CO2 Emissions

A review of the structure of US GDP, imports and exports shows that none of these variables has contributed to the fall in US CO2 emissions post-2008 finance crash. The main contributions to reduced CO2 come from high energy prices and recession (36%), gas substitution for coal (20%) and growth in wind and solar (15%) which more or less corroborates the findings of Roger Andrew’s in his recent post on this topic. Continue reading

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The myth of US self-sufficiency in crude oil

Contrary to general belief, and mis-information by the media the US is far away from being “energy independent” in terms of crude oil imports. Maybe some may find the above analysis statistical hair-splitting but the narrative of US energy independence has shaped public opinion to such an extent that prudence has given way to complacency. There is a danger that wrong geo-strategic views are formed, especially in the context of evolving and worsening conflicts in the Middle East. Continue reading

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Getting the Economics Numbers Right

All numbers are wrong, the only question is by how much. Continue reading

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BRICK oil production update Sep 2013

In September 2013 oil production in the BRICK countries was 19.4 million barrels per day (Mbpd) representing 22% of the global total. In this group, demand growth is outstripping supply growth and the group seems set to become a significant net importer of oil in the years ahead. Continue reading

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