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

To: Rock_nj who wrote (185990)	1/31/2010 12:09:57 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 362864

2010 would be lovely. Look fast in your rear view mirror; I think it was '04, but I haven't been to da Drum today. World Oil Production World crude oil, condensate and oil sands production peaked in 2005 at an annual average of 73.72 million barrels per day (mbd) according to recent EIA production data. 2008 production was slightly less than 2005 creating a peak plateau from 2005 to 2008 as shown in the chart below. Production is expected to decline further as non OPEC annual oil production peaked in 2004 and is forecast to decline at a faster rate in 2010 and beyond due mainly to big declines from Russia, Norway, the UK and Mexico. Saudi Arabia's crude oil production peaked in 2005. By 2011, OPEC will not have the ability to offset cumulative non OPEC declines and world oil production is forecast to stay below its 2005 peak. Message 26123111