Baseline Rail Traffic in Contraction: Oil Consumption vs. Production Revisited

Inquiring minds are looking at the Railfax Charts for data through June 4, 2011. Rail Traffic 13 Week Moving Averages - Percent Change From Year Ago Note that baseline traffic is now in contraction with intermodal and cyclical traffic soon to follow if the current trend holds. The above charts go back 1.5 years. It [...]

Head of Saudi Electric Company Says

In light of Saudi Arabia wanting to step up production only to be rebuffed by the rest of OPEC, this story from elEconomista.es is rather interesting. Courtesy of Google Translate please consider Saudi Arabia fears that the oil runs out in 2030 if current consumption is maintained Note: I am rewording some awkward translations so [...]

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