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Interesting that...I guess I flunked acronym class.<br /><br />Interesting that South Africa has joined the BRIC - and thanks for the pointer to the data site. Can't say when I'll use it, but I will.<br /><br />DaveHeading Outhttps://www.blogger.com/profile/01790783659594652657noreply@blogger.comtag:blogger.com,1999:blog-5251183560375528307.post-26210041877661200082011-01-21T21:49:47.680-06:002011-01-21T21:49:47.680-06:00Got to go with KLR on this one: BP cutting corner...Got to go with KLR on this one: BP cutting corners? Not a chance! That would be shocking -- really, really shocking!<br /><br />Seriously, given the miasma of failure & disgrace which hangs around BP these days, why have they suddenly decided to follow the pattern established long ago by other major oil companies and release "forecasts"? Enquiring minds want to know.<br /><br />For all BP's politically correct trumpeting of subsidized "renewables", the real message is contained in that graph titled "World Commercial Energy Use". BP predicts that EVERY energy source will have to grow significantly in the next 20 years. Every single one of them!<br /><br />And this growth in supply is expected to occur in the face of Peak Government, when continued subsidies for "renewables" become infeasible; when demographic trends turn against countries from Germany to China; when debased currencies become a drag on international trade? We'll see!Kinuachdrachhttps://www.blogger.com/profile/13275320683766290581noreply@blogger.comtag:blogger.com,1999:blog-5251183560375528307.post-58805571969923317082011-01-21T08:09:10.315-06:002011-01-21T08:09:10.315-06:00Thanks Dave. I see you have a BRIC tag so no need...Thanks Dave. I see you have a BRIC tag so no need to point out that this term was <a href="http://en.wikipedia.org/wiki/BRIC" rel="nofollow">coined ten years ago, </a>not by BP in this report as you seem to suggest. Who hasn't heard of BRICs? PIIGS do business with them. They get oil on the open market, which is regulated by SAKUAE. ;)<br /><br />The graph of Shares of world primary energy is puzzling - did they set 2030 to 1 and just backtrend things? Naw, BP wouldn't cut corners like that! Good luck to BP in venturing into the thorny world of forecasting. I tried to find some previous utterances from Dudley and his predecessors but no luck - even went through the 2000 through 2003 ASPO newsletters. Can't find any telling green and yellow graphs. Oh well.<br /><br />Do avail yourself of my compiled <a href="http://hydrocarbonwatch.blogspot.com/2011/01/eia-quarterly-data-1983-1993.html" rel="nofollow">EIA Quarterly Data 1983-1993</a>. Has OPEC production, that OECD demand which BP says has peaked, and a score of other helpful sets, extending what EIA offers already. Also "Net Communist Exports." Gotta defeat those Reds!KLRhttps://www.blogger.com/profile/00691172491186270514noreply@blogger.com