Stories tagged with "total liquids"
World Oil Production Forecast - Update May 2009
Posted by ace on May 19, 2009 - 9:59am
Topic: Supply/Production
Tags: colin campbell, iea, jean laherrère, non-opec, oil production forecast, opec, original, peak oil, total liquids [list all tags]
World oil production peaked in July 2008 at 74.82 million barrels/day (mbd) and now has fallen to about 71 mbd. It is expected that oil production will decline slowly to about December 2010 as OPEC production increases while non-OPEC production decreases. After 2010 the resulting annual production decline rate increases to 3.4% as OPEC production is unable to offset cumulative non-OPEC declines. The forecast from the IEA WEO 2008 is also shown for comparison.
The US Energy Information Administration (EIA) and the International Energy Agency (IEA) should make official statements about declining world oil production now to renew the focus on oil conservation and alternative renewable energy sources.

World Oil Production Peaked in 2008
Posted by ace on March 17, 2009 - 9:15am
Topic: Supply/Production
Tags: aspo, cera, colin campbell, exxonmobil, fredrik robelius, iea, jean laherrère, non-opec, oil production forecast, opec, original, peak oil, total liquids, usgs [list all tags]
As everyone knows, there is never a post on The Oil Drum that the entire staff agrees on. Nonetheless, Tony bases his findings on solid research, and a staff survey shows that most agree with a 2008 peak. A post discussing whether an alternate scenario with a second later peak might be feasible is planned for later.
World oil production peaked in 2008 at 81.73 million barrels/day (mbd) shown in the chart below. This oil definition includes crude oil, lease condensate, oil sands and natural gas plant liquids. If natural gas plant liquids are excluded, then the production peak remains in 2008 but at 73.79 mbd. However, if oil sands are also excluded then crude oil and lease condensate production peaked in 2005 at 72.75 mbd.
The US Energy Information Administration (EIA) and the International Energy Agency (IEA) should make official statements about declining world oil production to renew the focus on oil conservation and alternative energy sources.
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Oilwatch Monthly - August 2008
Posted by Rembrandt on August 18, 2008 - 11:18am in The Oil Drum: Europe
Topic: Supply/Production
Tags: eia, iea, non-opec, oilwatch, opec, original, supply, total liquids, world production [list all tags]
The August 2008 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.34 MB, 26 pp). In this edition I have added more demand, oil stock and production revision data.

A summary and latest graphics below the fold.
Oilwatch Monthly - July 2008
Posted by Rembrandt on July 16, 2008 - 9:55am in The Oil Drum: Europe
Topic: Supply/Production
Tags: eia, iea, non-opec, oilwatch, opec, supply, total liquids, world production [list all tags]
The July 2008 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.34 MB, 22 pp). In this edition I have added biofuels, monthly production revision charts and a barrel to BTU conversion section.

A summary and latest graphics below the fold.
Oilwatch Monthly - June 2008
Posted by Rembrandt on June 17, 2008 - 9:55am in The Oil Drum: Europe
Topic: Supply/Production
Tags: eia, iea, non-opec, oilwatch, opec, russia, supply, total liquids, world production [list all tags]
The June 2008 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.42 MB, 21 pp).

A summary and latest graphics below the fold.
Oilwatch Monthly - May 2008
Posted by Rembrandt on May 22, 2008 - 1:00am in The Oil Drum: Europe
Topic: Supply/Production
Tags: eia, iea, non-opec, oilwatch, opec, russia, supply, total liquids, world production [list all tags]
The May 2008 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.15 MB, 21 pp).

A summary and latest graphics below the fold.
Oilwatch Monthly - April 2008
Posted by Rembrandt on April 21, 2008 - 10:00am in The Oil Drum: Europe
Topic: Supply/Production
Tags: eia, iea, non-opec, oilwatch, opec, russia, supply, total liquids, world production [list all tags]
The April 2008 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.65 MB, 21 pp).

A summary and latest graphics below the fold.


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