Warren Buffett interview on CNBC, March 3rd, 2008.http://www.cnbc.com/id/15840232?video=671171278He mentions Pickens who they had on last week.
If you put trend lines through EIA 'World C+C' and your 'net exports' data and overlay them you can see the 'World C+C' ~2.2% annual growth suddenly slow in 2005 and also net exports fall away and peak around the beginning of 2007 as the net exporters hang on to crude for their own use.http://farm4.static.flickr.com/3092/2310185255_767d4e6a96.jpg?v=0Interestingly, the trendlines predict peak world C+C around 2009. I guess the trendlines are as good as anything for predicting slightly into the future!Xeroid.
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