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smiffy1967

This Just Hit Me Like A Brick

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At Chindia's current rate of increase in net oil imports, by 2020 their combined net oil imports will be equivalent to 100% of the combined projected net oil exports from Saudi Arabia, Russia, Norway, Iran and the UAE.

Thus, our forecast is that the US is well on its way to becoming free of its dependence on foreign sources of oil--just not in the way that most people anticipated.

Taken from the oil drum

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My suspision is that things will not continue the way they are for the next 20 years.

Why suspect? It's mathematically impossible for us to keep consumption up at current rates especially with Inda/China/S America demand growing as it is.

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Why suspect? It's mathematically impossible for us to keep consumption up at current rates especially with Inda/China/S America demand growing as it is.

Can they not just grow some more oil?

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"Oil decent."

"Suspision."

Never mind peak oil, declining standards of literacy prove that we have finally entered our Byzantine phase.

Coruktid.

Happy now?

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  • 150 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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