Tuesday, July 24, 2007

 

Net Export Crisis

There’s more to the dark clouds on the energy horizon than peak oil. Petroleum geologist Jeffrey Brown warns that major oil exporting countries will in the near future be forced to divert increasing percentages of their oil to domestic use because of declining production capacity and, especially in the case of developing countries, rising demand at home. In sum, that means the portion available to oil importers will decrease much faster than previously thought.

Brown is not alone, for the net export crisis he speaks of is in fact predicted by the Export Land Model.

If your country is heavily dependent on oil imports, it is not an encouraging picture.



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