8:13 PM
Reporter:
Baris Sanli
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7:57 PM
Reporter:
Baris Sanli
I found the following website and report quite useful for understanding oil shocks followed by recessions. Here is a list of my key points:
1. "the drops in overall spending that were caused by higher oil prices proved to be the knockout punch for an economy that was already wobbly"
2."The fact that the biggest drop in output didn't occur until well after the oil price went up, and resulted not from the oil price itself but instead from the interaction with other factors and the dynamic forces unleashed when the overall level of economic activity began to decline, is also exactly the same pattern we saw in each of the previous recessions."
3."Was the oil shock of 2007-08 the sole cause of the recession? Certainly not. But did it make a material contribution? In my opinion, the answer unquestionably is yes."
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7:29 PM
Reporter:
Baris Sanli
If you are looking for open source programs for distribution system simulation, Gridlabd is an answer to your quest. The project is also hosted on Sourceforge. You can download and run the sample programs. But they also have a web based system. So without downloading you can run a sample from this website(
http://www.gridlabd.org/GridLabWeb/)
"GridLAB-D™ is a new power distribution system simulation and analysis tool that provides valuable information to users who design and operate distribution systems, and to utilities that wish to take advantage of the latest energy technologies. It incorporates the most advanced modeling techniques, with high-performance algorithms to deliver the best in end-use modeling. GridLAB-D™ is coupled with distribution automation models and software integration tools for users of many power system analysis tools"
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7:20 PM
Reporter:
Baris Sanli
This version of the report starts with the criticization of IEA numbers, especially China. Crude Oil production is down by nearly 3 million barrels (not world liquid production). Check the oil demand of OPEC countries! There is a big drop in their demand as well. Also, have a look to the Mexico, UK and Norway.
Report is available here (Peakoil.nl)
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7:23 PM
Reporter:
Baris Sanli
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