122 comments on Bumpy Crude Oil Plateau in the Rear View Mirror
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Thanks for another very interesting piece.
I love that this is for crude only. This chart can be juxtaposed with all liquids charts to reveal the vulnerability we have in the system. It might be one of the better charts for getting the attention of those either unaware or not convinced a problem is brewing.
If those trend lines won't scare a person into belief, nothing will until TS has HTF.
Cheers
On behalf of Matt, thanks! The idea of looking at things this way was all Matts. We worked together on refining a few things, and I think it gives some ideas of different ways of looking at things.
I for one want to watch how the "growing group" really develops on a monthly basis. Also, the plateau group really needs to hang on the plateau, or we have a huge drop ahead of us.
I too appreciate the crude only aspect of these charts, kudos to Matt for the amount of work it took to produce this quality analysis. For those looking to do the same with biofuels/etc, it would be nice for any "liquids" to be assessed for the energy balance required to produce said 'liquids', subtracting the appropriate figure (oil equivalent) from the overall total.