Here is a rough transcription of the presentation for people who are hard of hearing. Apologies for the lack of grammar, I am working to improve the automated transcriptions -
your florals to a better start in United States of America with this chart now I’ve had to compress this chart flatly top to bottom could it was a very tall chart so I have to tell you what we’ve got here we got vehicle miles driven in the United States of America across the bottom the years go back to 1986 now this goes up very steeply in the original chart and on the left axis on the vehicle miles driven in billions of miles which multiplies up by thinking 2 trillion soaks in 1986 were talking 1.8 trillion miles driven and it goes up very steeply to over 3,000,000,000,000 miles 1.80 1986 up to 3,000,000,000,000 in 2007/8 where that PTAs and you can see our it’s not gone up well it wouldn’t after he quit the peak is the peak and now we have a bit of a plateau since the great depression started this there are a certain amount of trucks that have converted over to compressed gas but really each one of those not going up and this is is a small decision by a US person not to make a trip in the car not to get the car hour of vigour I wish and go to the store and it made all a difference and that was a lot of years of going up very steeply and it is now completely flattened off which is a good thing probably somewhere along the line but it does represent something that Americans just don’t have that extra or gourmand jump in the car and let’s just go right this is this a similar thing represented in an slightly different chart the blue line adopts which go top left to bottom right that sort of direction anyway is US oil demand so oil demand we can call it vehicle miles driven or heating oil whatever it’s going downwards but the bars sticking upwards our oil supply supplied from America from the United States and the little yellow tops to them on the biofuel fuel supply now this is a projected chart so it’s going out to 2020 you can see now in 2012 is a quite still quite a big gap between supply and the usage but the prudently progression it is presumed to be in the future by 2020 the United States should be able to supply all the oil that it needs that I think something is going to happen in between here and there but that is a very very ardent it’s optimistic but it’s a very bright looking future that they can even put a chart like that out because most countries just can’t put a chart like that out at all America is although it probably won’t work out like this it’s still in a very very good position compared to a awful lot of the world right now began to look at an awful lot of the world this is from the Bloomberg piece about how much it costs to fill up a gas tank petrol it’s sometimes called round the world to fill up the car and how much per gallon now they’ve made everything is correct for dollars to US gallons and will start with the United States in the first chart with their gas at 375 now the number on the right is the pain index out a big number for United States at 55 and if it is a good month number that means they’ve got big bucks they can afford to pay the 375 it’s no problem for them are concerned conversely below them Pakistan who have very similar Matt’s price for fuel at 355 the pain indexes to the second biggest in the world and the pain index am I forget was at one will come across it if we go through all these were saying his Pakistanis plural and it takes an awful lot of pain for them to pay 355 at the pump and other countries in there are kind of average pain Indonesia at the top is is it painful for them 385 as well the others are kind of average to what we going to do now is moved from the 280 of around through the United States 375 Indonesia 385 and we go to move up through the countries as the price of gas petrol becomes more and more I’ll now is our number one at 544 a gallon dollars a gallon equivalent in India and they are poor and that causes them an awful lot of pain and that subsidies are just been taken off in India and that’s why cause so much fuss that the Indians basically can’t afford that much obviously are other countries Philippines they can’t afford it then number three in the pain index for 42 Thailand struggle China struggles because obviously the mass of the population still isn’t up to paying that sort of amount in China but obviously if you got a car am in your year in a different state to that number eight in the pain index semper I really a year only getting a you only get the vehicle you can afford to run Canada at their 546 the price is more than the United States and the Pain indexes similar housing very high no trouble at all really to afford it remain you it’s a bit of a fuss to tour for the 571 going up quicker now through the numbers from 582 612 Estonia Argentina Cyprus Columbia Singapore Singapore’s rich they can afford it Latvia Bulgaria next one chilly Poland Lithuania Luxembourg Australia 641 sounds expensive but the pain indexes 54 they can worry afford it Czech Republic Spain Spain and awful lot of trouble there at fuel at 647 but the pain indexes average number 36 they can just about afford it above Spain we have won if he were on now Austria New Zealand Slovenia Malta Hungary Brazil Slovakia and out of those Brazil armed struggle to pay that 692 but to country like Austria doesn’t struggle at all with 649 above this 1F South Korea Japan Ireland Finland Switzerland Portugal Germany most European advance type countries in there with high pain indexes as in the numbers hi yeah even South Korea don’t really struggle Portugal struggling more than most because of its financial problems at the moment and basically Portugal like Greece and Spain are a fundamentally poor countries that had been trained into the modern world fire the via the EU so 1G more Europe Belgium France United Kingdom Greece Sweden Italy and Denmark or European countries the pain index is more for Greece than it is for any of those others and now we get to the top ranked most expensive fuel Holland that the Netherlands Hong Kong but you never drive far in Hong Kong so it is not too bad Israel is Israel Turkey is an outlier they’re very expensive fuel at 941 with a very low number pain index which high pain it’s a poor country with very expensive fuel as wave goes ran most horrible dangerous buses am I thought though quite fun but I am I wouldn’t like to do it all the time and Norway at the very very top and price $10.12 a gallon at the pump but the pain index 52 they can well afford it now this is from the heading of the Bloomberg article pain at the pump it called the next time you complain about the price of gas remember it’s all relative filling up the same 39 gallon tank of a Chevrolet suburban in Venezuela costs $3.51 in Norway its $394.68 $394.68 so many that we didn’t mention it what we had the United States of America and that grouping first that is the second from cheapest grouping there is one grouping of countries cheaper than that grouping with the United States in its heart that that grouping the United States had a ran in it so with Dana ran Nigeria cheap fuel but very cheap country United Arab Emirates obviously are Middle Eastern they can afford it then got very high per capita eejit is an outlier in the problem eejit I think now is has gone to a net importer of oil so that price of 173 is an totally unsustainable unless it’s completely subsidised by Saudi Arabia who might do that if they want to influence the politics of eejit otherwise you conceive at the pain rating 14 eejit can’t afford that sort of harm even at that price they can afford it Kuwait can afford it obviously Saudi Arabia can afford it and they think the Venezuelan can quite easily poor country brush it’s got me I think that’s probably the easiest pain rating no pain at all to pay nine cents a gallon that’s it for today back
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