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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (70885)	6/15/2006 6:20:44 PM
From: Wharf Rat	Respond to of 360979

Read 'em and weep While there was positive news in the deep water areas of Angola and Brazil, as well as China, this was more than offset by slowing gains in Russia, and reversals in Iran and Canada (though the latter may be temporarily constrained from getting all its oil to market). Overall, the advancing group slowed from 2700kb/d per year to only 2000 kb/d per year between 2004 and 2005. Saudi Arabia held up increases well in 2005 but as most of us are aware, it's production has been decreasing in 2006 (a theme recently taken up at Econbrowser). To update my Saudi/Russia graph with monthly EIA data, here's the situation Monthly Saudi Arabian and Russian production Jan 2002-March/May 2006. Graph is not zero-scaled. Source: EIA Table 1.1 through March, and news reports for April and May Saudi production. Russia has not reached it's December peak again yet, and Saudi Arabia may possibly be in decline, if the news reports hold up and the trend continues. theoildrum.com When SA peaks, the world peaks. Matt Simmons