Mexico appears to want to keep its crude oil for itself. While oil
production for April fell only 4.2% year over year, oil exports fell
18.2%.

We know what the problem is: declining conventional oil production.
But the decline in oil production is only part of a broader problem of
the progressive decline in non-renewable energy sources in general.
What then is a possible solution? The electrification of vehicles and
the use of solar energy for electricity generation. In Europe there is
a proposal to construct large solar fields in North Africa's deserts
and transmit the electricity to Europe. More information is at
http://desertec.org/

The following is an illustration that shows the land area necessary to
provide electricity to 500 million Americans use solar thermal:
http://www.inference.phy.cam.ac.uk/withouthotair/c30/page_236.shtml
For people who haven't been to the Southwest or Southern California,
there is adequate open space to make such solar fields feasible (much
of Nevada is wasteland with dry, sunny weather with the added benefit
that the federal government owns most of the land in Nevada).
Eventually, people will ask why this wasn't done sooner.

Update on British North Sea production: It's forecast there is only 6
years left of oil production from the British fields in the North Sea.
Afterwards, Britain will have to import all of the oil it consumes
domestically. More info at http://www.thisismoney.co.uk/markets/article.html?in_article_id=487503

Cramer just recently issued a sell on BPT. He said it has had a nice
run and to ring the register.

On May 12, 5:33 pm, john2...@mintemail.uni.cc wrote:

Looks like Nissan believes in Peak Oil:
http://www.reuters.com/article/mnGreenAutos/idUS30174958720090622

On Jun 11, 9:29 pm, john2333 <john2...@mintemail.uni.cc> wrote:

World oil production has an annual natural decline rate of 4 million
barrels per day. Saudi Arabia produces about 9 million Bbls/day. So,
in effect, the world will have to find every 2 years new production
equal to Saudi Arabia to offset the world's natural decline rate.
Where will this new production come from? Mexico? No, it's declining.
Norway? No, declining. Russia? No, production is flat. Venezuela? No,
declining. Canada? It's production is increasing from the oil sands,
but it's relatively expensive and will only be able to increase a
small fraction of what's required. OPEC? Beyond it's current spare
capacity, it will only be able to increase by a marginal amount, if at
all. So, if the world has difficulty keeping oil production from
falling, how can the world economy actually GROW without INCREASING
oil production? Finally, oil exports are declining faster than
production because of oil producers' domestic oil consumption. How
much longer can people stay in denial?

On Jun 24, 10:21 pm, john2333 <john2...@mintemail.uni.cc> wrote:

"This prospect of peaking oil production has direct consequences for
world food security, as modern agriculture depends heavily on the use
of fossil fuels. Most tractors use gasoline or diesel fuel. Irrigation
pumps use diesel fuel, natural gas, or coal-fired electricity.
Fertilizer production is also energy-intensive. Natural gas is used to
synthesize the basic ammonia building block in nitrogen fertilizers.
The mining, manufacture, and international transport of phosphates and
potash all depend on oil." Good article at http://www.theoildrum.com/node/5533

On Jun 29, 5:50 am, john2333 <john2...@mintemail.uni.cc> wrote: