OPEC Economies Doing Fine - Our Double Dip Is Their Double Peak
OPEC Net Oil Export Revenues. Image credit:USEIA
Based on projections from the EIA report, September 2010 Short-Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $731 billion of net oil export revenues in 2010. The USA is a big OPEC customer. Separately. according to projections by Suite101, total US crude oil imports will cost an estimated $181 billion for 2010.
Economy-wise, the USA has got a double-dip going. Looks like OPEC gets a double-peak over roughly the same time frame. Who else gets a peak?Canada and Mexico are our friends just as much as any OPEC nation can be (see graphic below). Gotta be nice to them too. Only Tea Party and PETA members can play the role of jester as pipelines pump and double-walled tankers shuttle.
Those high performing lithium batteries for electric vehicles better work out as promised. Otherwise, the weary troops are going to visit more places on the list. It would be so much better if they could come home tomorrow and start right in making battery-powered cars in the USA.
Charge baby charge vs drill baby drill.
Long term, there's a lot riding on the hoped-for transition to electric transportation systems.
If the batteries don't hold a charge, why then you got a couple hundred thousand more unemployed people - returned soldiers - in a stew of double-dip misery.
If the batteries do work, on the other hand, we get the peaks and OPEC gets the dips!