Heading Out

Seeking the winds that help to sail on Shakespeare's tide.

Wednesday, December 15, 2004

A Peak Oil Illustration

To illustrate how rapidly Peak Oil is approaching consider the imports of crude oil ffrom the UK to the US. The UK oil production has peaked and is in decline. Last year they averaged shipping around 392,000 barrels of crude oil delivery a day to the US, this October it was down to 94,000 barrels a day. The UK is currently anticipated to become a net importer of oil in 2007. At which time it competes with us (and the Chinese etc) for the supplies out there.

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