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Politics : Rat's Nest - Chronicles of Collapse
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To: Wharf Rat who wrote (11565)12/11/2010 11:45:58 PM
From: Wharf Rat  Read Replies (1) of 24225
 
This is scary. Maybe it's just a seasonal thing or something. Hot link embedded, if you want to backtrack.

Darwinian on December 11, 2010 - 1:23pm
Okay, let's just watch it for the next few months. I am betting that China oil production will be down slightly in January and then flat for the rest of 2011. China is non-OPEC third largest producer.

The USA, non-OPEC's second largest producer, will be down but only slightly in 2011.

Russia, non-OPEC's largest producer and the largest producer in the world, will be down considerably in 2011. In fact the drop has already started. Since December 1st, Russian production has fallen every day and is now about 200,000 barrels per day below their post Soviet peak in October and November.

I follow Russian production daily, or five days a week here: Russian Oil Production. They publish their production in tons of crude + condensate per day. But they never publish a summary. So I must track it every day. And beginning the first reporting day in December, the 2nd, they have dropped every day. Rosneft took the big plunge Thursday but every day it has been one of them. Well, that is except Lukoil. They have been in a gradual slow decline all year.

Ron P.

theoildrum.com
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