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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?
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From: Khebab2/2/2007 5:28:38 PM
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The Rapid Collapse of Cantarell by the Numbers

theoildrum.com

The Bottom Line:
Since 2004 (peak year):

1. Mexican gasoline prices have increased by 20%.
2. oil production has dropped by 11%.
3. oil rig count has decreased by 20%.
4. Cantarell's production has dropped by 30%.
5. domestic oil demand has increased by 2.5%.

By 2012:

1. oil production may drop by 30%.
2. Cantarell's production may drop by 80%.
3. domestic oil demand may increase by 10%.
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