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Global Demand For Oil Will Grow Less Fast · 30 November 2006, 07:53 CET by Charles Vermeulen

Yesterday’s edition of Dutch daily NRC Handelsblad discussed an interesting report by the McKinsey Global Institute (page 17). According to the report the global demand for oil will grow less fast than was estimated by, among others, the International Energy Agency (IEA). The IEA believes that 92 million barrels of oil per day will be used in 2010, which is 7 million barrels more than now. According to McKinsey daily use will be 87 million barrels per day as a result of increased efficiency of the refinement process, which will require far less crude oil for the production of a litre of gasoline or diesel. Increased efficiency will account for 4 million barrels per day. McKinsey furthermore believes that car usage will decrease consequent on high oil prices and the use of biofuel will grow faster than estimated, both resulting in a global demand for oil which will increase less fast than was expected.

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'The End of the First Half of the Age of Oil' · 12 November 2006, 18:44 CET by Charles Vermeulen

"I think that the governments have been really seriously misled by what I call the malign influence of economists because under the mentality and mindset and experience of economists they simply say well supply must always meets demand in an open market. (...) The European Union, for example, facing supply issues, its reaction is: liberalize the market. They don’t realize the supreme irony that the more efficient you are in producing the stuff the quicker it’s gone."

Last week Monkeyfister posted the must see presentation ‘The End of the First Half of the Age of Oil’, which oil geologist Dr. Colin Campbell held during a conference in Kinsale, Ireland in the summer of 2005. It’s really worthwhile watching, so please take the trouble to check out the posting.

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Wind Energy Use in China and India · 28 September 2006, 07:06 CET by Charles Vermeulen

"Not even on the list of the world’s top 10 wind turbine manufacturers as recently as 2002, Suzlon passed Siemens of Germany last year to become the fifth-largest producer in terms of installed megawatts of capacity."

The New York Times on the ‘Ascent of Wind Power’ in India and China.

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