EIA just released in the last hour the latest International Petroleum Monthly report. It shows global production falling in October from 73.542 mbpd to 73.064 mbpd. But more to the point of our discussion, this is the last IPM report that EIA will produce. Starting with the next issue, the data will be "aggregated" into one of the EIA's DataBrowsers.This is from a comment to a story on "Peak Oil" reported today, January 12, 2011.
Comment: the article is very good, but the comment above is very, very interesting. I just posted my thoughts about the ability of OPEC to increase production. The observation (comment) supports my hypothesis: even as the price of oil was reaching new highs, and projections were for the price to breach $100/barrel, global production actually fell. What's wrong with that picture?
No comments:
Post a Comment