The graphs show only incremental crude oil production relative to January 2001 with data from http://www.eia.doe.gov/cfapps/ipdbproject/IEDIndex3.cfm
Update 22/4/2011 The EIA, International Energy Statistics, published Saudi crude oil production revisions for 2010 which are not in line with other data providers IEA, OPEC and JODI The black curve is the March 2011 version of the EIA data, the red curve revisions done in April 2011. These are very different from the monthly reports of the
IEA (blue) http://omrpublic.iea.org/
OPEC (brown) http://www.opec.org/opec_web/en/publications/338.htm
JODI database (yellow) http://www.jodidb.org/WDS/TableViewer/tableView.aspx?ReportId=2411
Even before the April 2011 update EIA data tended to be too high for 2010
The latest is now:
“Immediate reductions in EIA Energy Data and Analysis Programs Necessitated by FY2011 Funding Cut”
“Terminate updates to EIA’s International Energy Statistics.”
I strongly recommend the reader saves the JPG files on this page as a historic document.
December 2010 version, updated 18/3/2011.
Production profiles can be stacked in many different ways, from bottom Fig 1c: decline wedge first, then peaking, Saudi Arabia,growing group, Venezuela and Iraq on top
Fig 1d: for detailed description, see http://www.crudeoilpeak.com/?p=1149
Fig 7: Details of growing group, in August 2008 BTC pipeline attack, conflict in Georgia, later technical problems in the ACG oil field. Angola, Brazil, Kazachstan and Azerbaijan are the only 4 countries who managed growth (around 600 Kb/d) since July 2008. All are dependent on offshore oil. Fig 8: Details of OPEC
OPEC: Saudi Arabia could not produce more oil in the boom year 2008 than in 2005 We can clearly see the gradual decline of Non-OPEC after 2004, although there was a recent recovery, mainly from the US rebouncing from hurricanes. Russia and other growing countries also have helped lift the production back to its 2003- 2005 level. Let’s now stack OPEC on top of Non-OPEC The subsystem excluding Iraq, Saudi Arabia and Angola (which joined OPEC in December 2006) has come back to its peak level in 2005/06. And looking at the subsystem excluding Angola we see that Saudi Arabia was not able to lift production to 2005 levels. It was Russia and the growing group which did it. We are now on the 3rd hump on the bumpy production plateau (1) 2005, the start year of the peaking, interrupted by Katrina and followed by decline in Saudi Arabia (2) 2008, the Oilympic peak followed by the collapse of Lehman Brothers (3) 2010, the money printing peak, followed by unrest in North Africa and the ME —————- Annual crude production in 2005 and 2010 were basically on the same level but average oil prices in 2010 were 40% higher —————-
The above graph shows a group of countries labelled “Other” in the International Petroleum Monthly