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 [...]