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134525W.Europe....look eastward for more oil

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  • Eric Pfeiffer
    Mar 7, 2014
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      The decline in oil production in Western Europe continues unabated.

      For Western Europe as a whole, oil production (primarily North Sea)
      has continued it's relentless decline. Having peaked in 2001 at
      about 6.5 million barrels per day it is now less than half that at
      about 2.9 million barrels per day, and still falling.

         What would people in the US be saying and doing if oil production were
      less then half of the 2001 level and expected to continue to fall?

          Libya was certainly one idea the EU (and US) had for expanding
      oil access. That hasn't worked out too well so far as ousting the
      existing government merely led to warfare amongst the tribes, no
      central government and a sharp decline in oil production as fighting
      over control of the oil remains a problem for any production.

          But, east of Eastern Europe lies a wealth of oil production to
      be seized in the name of democracy. Europe currently is returning
      to coal to fill the void as best possible to stave off further economic
      declines.  Perhaps this will have a better outcome, or perhaps worse.

         At any rate, the politicians are once again hauling out the flags
      and hitting the stumps to proclaim a better life ahead for the region.
      The masses are cheering the move to liberate the people's of the region
      from the yoke of tyranny, etc.

         
           W. Europe desperately needs more oil. That our press doesn't mention the
      matter should surprise no one.
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