Bill James

Financials To Resume Meltdown Momentarily

Sorry, the link to WSJ article on the decline in World Oil Exports was clipped online.wsj.com/article...

The data is gathered but not directly reported by EIA or IEA.
www.eia.doe.gov/emeu/i...
www.eia.doe.gov/emeu/i...

Financials To Resume Meltdown Momentarily

Until we change the lifeblood of our economy from oil, oil will dominate the economy. Amazingly a littel recognized fact is that the amount of oil available to be purchased (World Oil Exports) peaked in 2005 at 46.342 mbpd (http:// http//online.wsj.com/a...

Since the deficit has grown to 3 times the deficit of the 1973 Oil Embargo. The consequences is unstable oil prices. By 2010 the rate of decline will likely be 8% per year.

If we re-tool transportation and power generation, growing efficiency, we can make the corner. If we do not, energy growth is negative and will cause economic growth to be negative. seekingalpha.com/artic...