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274 comments on Matt Simmons on Bloomberg: Peak Oil is Now and Oil Is WAY Too Cheap
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Ace: "The time dimension unit of a month was selected because supply figures are given monthly."
Your Peak is the quarterly peak. The IEA monthly Peak 86.13-mbd. And it is July, not August.
You're right - peak liquids is July 2006 according to IEA and you.
I suppose it doesn't matter whether peak liquids is July or Aug 2006.
We could assume that World Peak Liquids has occured in the third quarter of 2006 (this should make the data from EIA and IEA agree) if Saudi Arabia's production cuts are involuntary. Other countries will not be able to offset Saudi Arabia's declining production.
Maybe I will open a bicycle store.