158 comments on May 2008 EIA Oil Production Record. Will it Too be Revised Downward?
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158 comments on May 2008 EIA Oil Production Record. Will it Too be Revised Downward?
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GAIA Host Collective
Thanks. Should be fixed now.
Gail: in our article "Did Katrina Hide the Real Peak in World Oil Production?"
http://www.theoildrum.com/node/3052
we calculated in Table 12 that a crude peak - without Katrina - in December 2005 would have been 74.73 million barrels/day. So for those who are looking for monthly peaks, we still haven't exceeded this.
Here are the updates of the graphs:
We see:
Crude oil plateau is bounded by 2 underlying peaks: one in 2005 (declining and peaking group) and another shaping up now (hitherto growing group); Saudi uptick; Russia peaked; everything under Iraq and Saudi Arabia is practically flat