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Latest Graphs
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This month’s crude oil graph compares Russian and Saudi Arabian crude production. Russia is now #1 producer, around 1.3 mb/d higher than Saudi Arabia which lost production share. This means there are limits to Saudi Arabia’s capacity to pump oil. The graph also shows that during the boom period in the 1st half of 2008 Russia [...] 5 years peak oil. What we have seen so far is the response of the economy and the financial system to oil production on a bumpy production plateau The above graph shows that in the 1st quarter 2010 we are basically back to 2005 production and consumption levels. But for the same amount of oil, the world [...] Since a May 2009 minimum of 71,524 kb/d crude oil production has recovered by 2 mb/d in February 2010 and is now basically back to where it was at the beginning of 2005, for that time of the year. Let’s have a look at that hump on the bumpy production plateau which developed since a recession [...] The Energy Information Administration has now released the crude oil data for December 2009. That allows us to do an annual graph to watch the race for the peak (in terms of annual production). Data are often revised backward for several years but at present it seems 2005 was still the peak year at 73,719 million [...] This is the monthly update of the crude oil graphs with EIA data released 17/2/2010 http://www.eia.doe.gov/ipm/ In its WEO 2004, the International Energy Agency assumed a growth rate of all liquids of 2 % pa starting in 2002. Four years later, the WEO 2008 reduced the growth rate for all liquids to 1.5 % pa and [...] |
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