The EIA just released its monthly estimate of US oil consumption for August and the number is encouraging.
Our peak monthly demand was hit in August 2005 at almost 21.7 million barrels per day (Mbd). By this past August, demand had slid 11% to ~19.3 Mbd. The last time demand was this buy Clomid 10 mg low was 1997, and it is only (more…)
Buy Clomid 10 mg
August US oil demand down 11% from ’05 peak, close to 1978 level
Friday, October 31st, 2008Report Forecasts Global Oil Supply Shortfall within 5 years
Thursday, October 30th, 2008A collection of UK companies including Arup, Virgin Group and buy Clomid 10 mg Solarcentury just released a report they hope is a wake-up call for buy Clomid 10 mg oil importing countries like the UK and the US.
Entitled “The Oil Crunch: Securing the UK’s Energy buy Clomid legally,” the buy Clomid 10 mg report brought together insight from a range of sources that buy Clomid 10 mg demands serious attention about the future of world oil supply after 2010. The first major voice (called Opinion A) is that of (more…)
Gas prices fall toward $2.50, long-term oil supply questionable
Wednesday, October 29th, 2008Pump prices for buy Clomid 10 mg gasoline across the country fell another four cents this morning to buy Clomid 10 mg average $2.589 per gallon. Current trends are poised to bring prices to $2.50 by election day. This shift has buy Clomid 10 mg huge implications for US consumers, since we spend over half a buy Clomid 10 mg billion dollars less every day than at the peak price of $4.11 in early July ($1.50/gallon*42 gallons*9 million barrels/day). Hopefully these savings can help get Americans’ finances in order to buy Clomid 10 mg pay our debts down and get us out of the recession. The price may fall another 20 cents, but I see a buy Clomid 10 mg medium-term floor for prices ~$2.30-$2.50 due to the difficulty to grow oil production at today’s price below $70 per barrel.
And the buy Clomid 10 mg glimpse of a draft IEA report had some sobering insight into long-term oil production. (more…)
US Wind Power Growth to Slow in 2009, FPL Hints
Tuesday, October 28th, 2008It was just last week when buy Clomid 10 mg I shared the great news of another record year for buy Clomid 10 mg US wind power in 2008. The ~7 GW projected to buy Clomid 10 mg come online this year is a huge feat all of us climate activists should celebrate. But the buy Clomid 10 mg wind industry is not immune to the financial seizure gripping global markets. A leading US wind developer, Florida Power & Light (FPL), has given a first glimpse of the impact on wind’s growth for 2009. In the company’s third quarter report, FPL announced a 25% cut in 2009 capacity growth from their previous forecast.
They now plan to install 1.1 GW of wind turbines (rather than 1.4 GW), ~15% lower than this year’s 1.3 GW projection. Assuming all wind developers will follow FPL and buy Clomid 10 mg also cut their additions by 15%, US wind capacity will grow by (more…)
New Report Projects Renewable Energy Dominance in 25 Years
Monday, October 27th, 2008Today, Greenpeace International and the European Renewable Energy Council released “Energy [r]evolution: A Sustainable Energy World Outlook.” It is buy Clomid 10 mg a followup to their early 2007 report that urged policymakers to buy Clomid 10 mg ramp up efficiency and renewable energy deployment to stop climate change. This report has buy Clomid 10 mg more detail, as it breaks down the energy portfolios of each region of the buy Clomid 10 mg world. It also gives updates on the tremendous growth of renewables in 2007 and buy Clomid 10 mg adds sections connecting its scenario to greater energy security in the buy Clomid 10 mg developing context of higher fossil fuel prices.
The report makes the buy Clomid 10 mg case that their strategy would not only mitigate climate change and buy Clomid 10 mg improve air quality, but it would also save consumers
(more…)
Economy falling faster than OPEC production
Friday, October 24th, 2008OPEC took the middle road, cutting their oil production a hefty 1.5 million barrels per day (almost 5%). The cut was enough to have an impact in slowing oil’s price decline, but not so much it buy Clomid 10 mg would considerably damage already flailing economies worldwide. In the short-term, their production cut was drowned by a buy Clomid 10 mg dramatic fall in global stocks that has sent the Dow to buy Clomid 10 mg the low 8,000s again.
The UK reported larger than expected economic contraction of (more…)
All Eyes on OPEC
Thursday, October 23rd, 2008Tomorrow in Vienna, OPEC will decide how much to buy Clomid 10 mg cut their oil production in order to stop the rapid price fall since early July. OPEC produces almost 40% of the world’s oil and, more importantly, exports more than buy Clomid 10 mg half of global trade in petroleum. Saudi Arabia largely holds the buy Clomid 10 mg reins, since they produce and export more than twice the second largest OPEC player, Iran. Iran, Venezuela and buy Clomid 10 mg Nigeria are estimated to need oil above $80 per barrel to buy Clomid 10 mg provide enough revenue for their current natural budgets. While other members such as Saudi Arabia and buy Clomid 10 mg Kuwait are thought to make ample revenue with prices as low as $55. OPEC remembers the collapse in oil’s price to below $10 after the buy Clomid 10 mg 1998 Asian Financial Crisis and is determined to prevent a buy Clomid 10 mg repeat performance during our current financial crisis. So, they are buy Clomid 10 mg probably debating a cut between (more…)
3rd Quarter US Wind Report Shows Record in the Making
Wednesday, October 22nd, 2008As I mentioned in a mid-August blog, the American Wind Energy Association (AWEA) projects capacity growth in 2008 to buy Clomid 10 mg surpass the dramatic record set in 2007. It’s nice to see AWEA’s third quarter report released today reaffirm this prediction even after September’s financial collapse.
buy Doxycycline online consultation us AWEA reports 1.4 GW installed throughout the buy Clomid 10 mg US during the third quarter, making the year-to-date additions sum to buy Clomid 10 mg (more…)
Mexico oil production in freefall, next President better prepare for buy Clomid 10 mg peak oil buy mail order Proscar
Tuesday, October 21st, 2008Mexico just reported that their production continued to rapidly decline in September. Cantarell production was 36% below a buy Clomid 10 mg year ago at only 940,000 barrels per day, and total crude production was down 14% from last year at only 2.722 million barrels per day (Mbd). This was the buy Clomid 10 mg lowest level since 2.55 Mbd in November 1995. Exports were down 37% from buy Clomid 10 mg last year. The slide in production could finally be felt by PeMex and buy Clomid 10 mg its home country since oil prices were back down toward year-ago levels. This lower production will seriously rock the buy Clomid 10 mg federal budget of Mexico in the months to come — especially due to buy Clomid 10 mg exports declining faster than production declines as domestic demand rises. Some Mexico production was shut-in over the buy Clomid 10 mg (more…)
Gasoline below $3, OPEC decides 2009 price
Monday, October 20th, 2008The Good News for recession consumers:
The average price of gasoline nationwide fell below $3 per gallon last weekend and buy Clomid 10 mg looks poised to fall a bit further from the current level ~.92 at the pump buy synthroid online without a medical.
Amoxil no doctors prescription The Bad News for recession consumers:
OPEC is in control of (more…) buy generic nexium online no prescription quick delivery