Emergency Measures
Prudent governments with leaders who exercise foresight face few emergencies. Such governments have only to contend with real emergencies and not the consequences of their own action or the inevitable outcome of risk taking and adventure. Governments that are neither prudent nor lead by qualified leaders lurch from one emergency to the other until [...]
Posts Tagged ‘oil’
Buzzwords for the Future
Posted in History, tagged buzzword, capital control, emergency, farming, future, nationalisation, oil, repair, tenant on October 3, 2008 | Leave a Comment »
Defining Inflation
Posted in History, Statistics, tagged CPI, deflation, economy, finance, inflation, mathematics, money, oil, prices on July 11, 2008 | 3 Comments »
Introduction
In The Magical Jet Engine and Global Monetary Disconnect I wrote about a war in the realm of pure thought between those who see deflation and those who see inflation accruing in the economy. The inflation is proven by many charts that show the increase in the price of gold, oil, metals, food, etc., while [...]
Reviewing the Review – Supplement
Posted in Statistics, tagged china, energy, graphs, oil on March 17, 2008 | Leave a Comment »
Here are more graphs that I have been extracting from BP’s Statistical Review of World Energy 2007 (available as an MS Excel workbook on the Internet at: http://www.bp.com/statisticalreview).
Graph 10: This graph shows oil production in different parts of the world, which has experienced significant decline. It plots total US production (thousands of barrels per day-right [...]
Reviewing the Review
Posted in Statistics, tagged coal, electricity, energy, graphs, oil on March 15, 2008 | Leave a Comment »
Reading BP’s Statistical Review of World Energy 2007 (available as an MS Excel workbook on the Internet at: http://www.bp.com/statisticalreview), I was forced to convert the raw data into graphs to make any sense of them; this post contains these graphs.The graphs are presented without any conclusions or arguments, just an explanation of the data.
Graph 1: [...]
Re-Examining Bigger, Faster and More Part 2
Posted in Statistics, tagged china, india, oil, price on February 18, 2008 | Leave a Comment »
[Note: this piece was written some time ago and the numbers are those of 2006]
Some people blame the high oil prices on China and India, how true is that accusation?
First let’s take a look at the size of the three biggest countries in the world:
