The fact that oil hit $110 a barrel yesterday is highlighting how world oil production has peaked.
World Oil Production has peaked
Absolutely Flat Oil production in 2005, 2006 and 2007 proof that we’ve hit Peak Oil
Thanks to Lloyd Helferty for posting this on the GPO candidates
Wed Mar 12, 2008 12:33 am (EST)
DOE Numbers Confirm we are at the Global Peak of Oil. It is unlikely that Global production will ever substantially increase again. Brace yourself for chronic oil and gas shortages in the coming years and decades.
Lloyd Helferty
-----Original Message-----
From: David Delaney
Sent: March 8, 2008 5:31 PM
Subject: Almost perfectly flat oil production in 2005,6,7
Official EIA (Energy Information Agency of the Department of Energy of the US) statistics released yesterday in the February 2008 International
Petroleum Monthly revealed that the total world oil production averaged 84,631, 84,597, 84,635 thousand barrels per day in 2005, 2006, and 2007,
respectively.
Production varied between these year by no more than 0.045%.
That's a plateau.
February 2008 International Petroleum Monthly
Posted: March 7, 2008
Next Update: Early April 2008
"The International Petroleum Monthly (IPM) is the Energy Information Administration’s primary report of recent international petroleum (oil)
statistics. This report includes world petroleum production statistics through December 2007. The IPM also includes estimates for petroleum demand,
stocks, and imports for the Organization for Economic Cooperation and Development (OECD) countries through November 2007. "
http://www.eia.doe.gov/ipm/supply.html
See the monthly data and totals here:
http://www.eia.doe.gov/emeu/ipsr/t14.xls