PeakTrader.com

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PeakTrader said...

Shell Oil Company’s latest research (2011), “Signals and Signposts”:

Shell Energy Scenarios to 2050 - An era of volatile transitions

Underlying global demand for energy by 2050 could triple from its 2000 level if emerging economies follow historical patterns of development.

Natural innovation and competition could spur improvements in energy efficiency to moderate underlying demand by about 20% over this time.

Ordinary rates of supply growth -- taking into account technological, geological, competitive, financial and political realities -- could naturally boost energy production by about 50%.

But this still leaves a gap between business-as-usual supply and business-as-usual demand of around 400 EJ/a – the size of the whole industry in 2000.

This gap – this Zone of Uncertainty – will have to be bridged by some combination of extraordinary demand moderation and extraordinary production acceleration.

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Matthew said...

"This gap – this Zone of Uncertainty – will have to be bridged by some combination of extraordinary demand moderation and extraordinary production acceleration"

Extraordinary? Maybe to the ignorant. The rest of us know it best as *prices*. Nothing to see here. Move along.

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PeakTrader said...

Matthew says: "Extraordinary? Maybe to the ignorant. The rest of us know it best as *prices*."

Examples of "extraordinary" events include slower economic growth and rising Iraqi oil production.

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Matthew said...

PeakTrader wrote: " Examples of "extraordinary" events include slower economic growth and rising Iraqioil production. "

Do not confuse a symptom for a cause. You failed to dig just one layer deeper and missed it. Progressives often get causality backwards.

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PeakTrader said...

Matthew, in a one-dimensional world, the price of oil can be the sole cause of economic growth or oil production.

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http://www.blogger.com/comment.g?blogID=28997633&postID=1360445891201940550

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Income Inequality: Babe Ruth vs. Alex Rodriguez

$1 million salary vs. $30 million (adjusted for inflation)

http://www.blogger.com/comment.g?blogID=28997633&postID=6160690241354703356

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PeakTrader said...

U.S. per capita income in 1935 was $474:

http://www.infoplease.com/ipa/A0104547.html

And U.S. GDP in 1935 was $73.3 billion:

http://www.economics-charts.com/gdp/gdp-1929-2004.html

So, U.S. per capita income is 100 times higher today ($47,000) than 1935.

U.S. GDP is 200 times higher today ($15 trillion) than 1935.

$100,000 times 100 is $10 million.

$100,000 times 200 is $20 million.

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IDK said...

The rise in inflation adjusted players' salaries is a function of higher revenues for the sport due to TV contracts, merchandising, and higher revs from ticket sales.

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Zachriel said...

No comparison. Rodriguez cheated by using performance enhancing drugs. Ruth did it hungover after staying up all night with hookers and other ne're-do-wells.