Dave, I respect your posts greatly and value your wisdom, but I don't see how 500,000 barrels, if it is produced, changes anything yet. Most think SA has some spare capacity even if they are post-maximum peak, and the increase still won't break through the plateau we have had the last 1 to 2 years (depending on what liquids you are using and which data set). You are sounding like Hutter. I'm not saying you aren't right about 2012 or so, but this certainly doesn't tell us much one way or the other as far as I can see.

Eric

If you read his articles closely, Stuart Staniford does not believe that Saudi Arabia has any spare capacity.

Do you understand what I just said?

Stuart's view has become the mainstream view on TOD. Nobody else's view really counts. I see that PG believes Stuart's conjectures. HO, who I respect, does not. Look, if you want to deal with reality, read my columns over at ASPO-USA. If you want the doomer "end of the world" view, keep reading The Oil Drum.

Why do you think I resigned?