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17 February 2007

An American and Canadian Crude Look at Oil

Blogaulaire suspects (backed by careful observation) that the average reader of Cheap Priceless Editions is both a practical person (always on the look-out for a good deal) and a rather bookish person . . perhaps with literary tastes, endowed with a progressive outlook, worldview, et cetera.

Does looking at raw numbers give you the hives? Are you reaching for an ointment for your urticaria, after reading figures for economic projections? Relax, there won't be a test, not even answers from me about any of this.

Call the STATISTICS portion of this post laconic. Terse news. It gets right to the point of all the rest.

We are just introducing -- call it a game, call it a word feature (more on that in upcoming posts as the blog here evolves on its own course - so STAY TUNED TO THIS WEB ADDRESS). But first, the eye candy:

February 18 : Chinese New Year
on the grounds of
the world famous
Calgary Exhibition & Stampede

The Biggest Game in US - CAN Trade -- PETROLEUM

Crude Oil and Total Petroleum Imports Top 15 Countries:
Highlights Released; February 16, 2007

"Preliminary monthly data on the origins of crude oil imports in December 2006 has been released and it shows that three countries have each exported more than 1.20 million barrels per day to the United States.

Including those countries, a total of five countries exported over 1.00 million barrels per day of crude oil to the United States (see table below). The top five exporting countries accounted for 69 percent of United States crude oil imports in December while the top ten sources accounted for approximately 88 percent of all U.S. crude oil imports.

The top sources of US crude oil imports for December were Canada (1.829 million barrels per day), Saudi Arabia (1.471 million barrels per day), Mexico (1.245 million barrels per day), Venezuela (1.045 million barrels per day), and Nigeria (1.010 million barrels per day).

The rest of the top ten sources, in order, were Angola (0.610 million barrels per day), Algeria (0.421 million barrels per day), Iraq (0.419 million barrels per day), Ecuador (0.254 million barrels per day), and Kuwait (0.163 million barrels per day).

Total crude oil imports averaged 9.584 million barrels per day in December, which is a decrease of 0.253 million barrels per day from November 2006.

Canada remained the largest exporter of total petroleum products in December, exporting 2.409 million barrels per day to the United States, which was a slight decrease from last month (2.598 thousand barrels per day). The second largest exporter of total petroleum products was Saudi Arabia with 1.491 million barrels per day."

What do you say to all that? (Isn't it a bit odd to be reading EIA (Energy Information Administration) data practucally the day it's released?

The major exporters of oil to the US are taking in tons of cash - they are not giving this stuff away! So: if you happen to be in the commerce of words, images, books, new ideas and/or services to the people interested in same, remember the following . . .

. . . the best time to sell a farmer a new tractor is after he has harvested a bumper crop . . .

In fact, if you've got anything to sell, to offer, to provide and it happens to be right after a bumper year for growing (we're seeing fewer and fewer of them), it is the farmer who will seek you out with the cash burning through his or her very pockets.

Rod Proudfoot (far right) congratulates Rod B. and wife Dorothy!
The Winner of (Stampede Casino's) January "Casino and a Movie" draw.
Rod and Dorothy took home a 32" LCD TV and - Sony Soundsaround system. -Worth over $2,000!-

Everybody, by the way, is dependent upon oil. If you live in Mahattan (Blogaulaire is certain) then on your own streets you are seeing more oilmen dressing their part than I am just sitting here in Montreal. Oil money at the top gathers with other money, and Manhattan is still at the top, though one wonders for how much longer.

People here in Canada with little things to sell, things no bigger than a flat screen TV or monitor, things like books, are catching on to a general migration of young and not-so-young residents and members of the active workforce who are headed 'out West to Alberta' where all the jobs are. And the rest of us are saying that this energy dependence on oil can't keep going on and on without the world sinking into its own slime ball. And the people still keep Heading West.

Alberta ex-pats have always been a counter-culture theme in Montreal. These recent transfuges are less and less Bohemian, more and more bourgeois in lifestyle. Some oil patch ex-pats even have enough money to buy books from local used bookstore owners . .

Learn the language(s) of the next frontier, not the last one. Every economic development is social change. Every exploration of a thriving, dying or recycled technology requires a new vocabulary, a different lexicon of terms.

From what we all learned about export-import of oil up top, for the 5 biggest providers of petroleum to the US market, the Official Languages in the exporting nations (the ones taking in the cash as price-per-barrel rises) break down as English (2); Spanish (2); Arabic (1). If we crudely ask whether the transfer of wealth from importing states to exporters represents a shift from one linguistic centre of gravity to another.

As a Can-Am myself, aware that "American" means English, French and Spanish already, (for me at least) the numbers look totally status quo ante . . no big shift, no surprises.

There will be upcoming demographic shifts within nations, regions, and hemispheres toward the world capitals of oil production. It may, eventually, be bust and boom.

In terms of the publishing and book trade, I think that the biggest question is not about the expansion of literacy generally. Arabic, Spanish and English as spoken and read in the Middle East and Central Asia or in Central and South America, and in Western Africa ... well everywhere people will become literate. I think we should concentrate on how functional literacy will change here at home and we should be sensitive to the competition for reader in places like Canada's western provinces.
Will a literacy boom, i.e., more active readers, happen out West? Or will the people moving West just take their satellite dishes with them or have their cable service contracts switched over from Ontario and Quebec to new homes in Manitoba, Alberta and British Columbia? And for those who do read on a printed page, does the book trade have anything particularly unique to offer people as this demographic shift emerges? Tentatively, all my answers are Yes, Yes and Yes.

Will it be a boom or an echo?

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