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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (352632)9/28/2007 12:55:20 PM
From: combjelly  Read Replies (1) | Respond to of 1575428
 
"Production has increased, just not as fast as demand."

Production is not much higher than it was in the early 1980s.

Here you can see that monthly production is about where it was in 2005.

worldoil.com

This graph shows that about 1980 or so the production hit a local maxima that isn't much, if any, below where it was in 2000.

eia.doe.gov



To: TimF who wrote (352632)9/29/2007 4:02:29 PM
From: tejek  Read Replies (1) | Respond to of 1575428
 
Production has increased, just not as fast as demand.

Production can't keep up because of supply issues. And why is that? Rarely, does demand outstrip supply for a period longer than a year or so. Crude prices have been going up since 2002.


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