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OPEC going sideways; not a good time for oil importers

The IEA Medium Term Oil Market Report 2010

http://www.iea.org/W/bookshop/add.aspx?id=397

sees OPEC’s capacities increase 1.94 mb/d by 2015. But will production also increase?

Let’s put the table “Estimated Average Sustainable Crude Production Capacity” from page 82 into some graphs. We start with the decline.

Although the report mentions a whopping  7.1 mb/d decline until 2015 (at field level), at country [...]