Petrol insiders now nervous about Diminished Russian Fossil Fuel Supply
Russian oil production, for years a vital source of new supplies for world markets, is showing signs of a slump, adding to uncertainties that have helped push oil prices to record highs.
The supply of oil coming from Russia falling since the start of 2008 was the first time that had happened in ten years. The decline was a full percentage point over the same time last year which is a huge amount.
Declining production from the world's largest oil producer and one of its largest exporters puts further pressures on an already strained market and adds to the potential for higher prices for a global economy coping with a slowdown.
Gasoline prices are about 6 cents higher than last week, and 51 cents higher than a year ago! . Diesel prices are going up even faster Diesel prices are 10 cents higher than last week and $1.18 higher than a year ago.
The fall of the dollar and the various bubbles that are bursting here in the USA have resulted in some reduction in the demand for fuel from the world's largest fuel consumer. however this is being counteracted by a faster increase in demand from places like India and Asia and we could see a rise in prices if there is any supply glitch. This factor is even more likely to cause trouble since even Saudi Arabia's petroleum output is lower than it was one year ago.
Meanwhile, closer to home?
Mexico is having major problems with supply as well at its field in Cantarell.
Cantarell, which currently produces one of every 50 barrels of oil on the world market, is in such a steep decline that analysts foresee Mexico becoming an oil importer in the next decade or sooner. That would batter Mexico's economy, which depends on oil exports to fund 40% of its government spending.
Possibly the bottom of the barrel on bad news about the oil industry is the lack of good news. It seems to have peaked out as well. And the future for fossil fuels is pretty bleak. Meanwhile, the shift to biofuel is rapidly accelerating world starvation. We are talking about major world catastrophes in the making and well underway which are not being talked about or worked on at anywhere near the order of magnitude necessary.
This would be one very bleak and depressing article if I left it at that. But I won't. But there is something that can be done about this situation on an individual level. So let me tell you about that.
is offering information at a low price which consumers can use at home to build a small gizmo which instills hydrogen into the gasoline/air mixture that their automobile runs on.
The process makes smaller particles out of the ones that the engine burns as fuel. So it is able to use much more of it.
By doing this you can reasonably expect to lower your gas usage by 30-50% or even more. With WATER4GAS gasoline is made usable so you can lower your gas usage.
It also helps make emissions significantly cleaner.
This package of info has been purchased by over 9000 individuals already and happy members number about 99%! So how about you?
Russian oil production, for years a vital source of new supplies for world markets, is showing signs of a slump just another factor making the oil business unstable which is contributing to the record high prices.
Russian output fell for the first time in a decade during the first quarter of 2008. Russian production averaged about 10 million barrels a day, a 1% drop from the first-quarter of 2007.
This decline in production from the largest producer of oil in the world and one of the top exporting countries has placed more uncertainty into the market which is already having difficulty coping with other issues and adds to the potential for higher prices for a global economy coping with a slowdown.
Gasoline prices are about 6 cents higher than last week, and 51 cents higher than a year ago! . Diesel prices are going up even faster We are looking at an increase of TEN CENTS IN ONE WEEK and $1.18 increase in the last year when we look at Diesel prices .
The fall of the dollar and the various bubbles that are bursting here in the USA have resulted in some reduction in the demand for fuel from the world's largest fuel consumer. but fast-growing Asia and other places are still adding to demand, and many analysts worry that a global supply pinch later this year could send prices higher. This is especially true since even Saudi Arabian oil output is down from this time last year.
Problems On Our Doorstep
Mexico is having major problems with supply as well at its field in Cantarell.
Cantarell, which currently produces one of every 50 barrels of oil on the world market, is in such a steep decline that many experts believe Mexico may become an oil importer in eight years. That would batter Mexico's economy, which depends on oil exports to fund 40% of its government spending.
Perhaps the worst news in the oil industry is the lack of good news. It seems to have peaked out as well. The future for petroleum is as dark as the oil they are running out of. And ethanol is likely to cause ten to twenty million deaths in 2008 from starvation because crops are being grown for fuel instead of food. We are talking about major world catastrophes in the making and well underway which are not being talked about or worked on at anywhere near the order of magnitude necessary.
If I just left it at that then this would be one VERY dark and depressing update. . But I won't. Instead let me inform you about a real solution for the revolution of alternative energy.
is sharing information at a low price which car owners can use in their garage or wherever to put together a small device which instills hydrogen into the gasoline/air mixture that their car or truck runs on.
What this does is make smaller particles out of the ones that the system burns as fuel. Because of the smaller size the system is able to use a lot more of the gas.
By doing this you can reasonably expect to lower your gas usage by thirty to fifty percent or even more. With WATER4GAS gasoline is made usable so you can lower your gas usage.
It also helps to lower emissions significantly.
This package of info has been purchased by over 9000 car owners already and the percentage of happy customers is about 99%! So how about you?
Garko has sinced written about articles on various topics from Science, Culture and Society and Science. Ozzie Freedom, Water4Gas founder, is a "computer geek" and all his knowledge about cars is from hand-on experimentation rather than "schooling". Discover one of the. Garko's top article generates over 22200 views. to your Favourites.
