World Oil Production Peaked in 2008

The Oil Drum by Tony Eriksen | Mar. 17, 2009 (Special Report)

(Blog Post) World oil production peaked in 2008 at 81.73 million barrels/day (mbd) shown in the chart below. This oil definition includes crude oil, lease condensate, oil sands and natural gas plant liquids. If natural gas plant liquids are excluded, then the production peak remains in 2008 but at 73.79 mbd. However, if oil sands are also excluded then crude oil and lease condensate production peaked in 2005 at 72.75 mbd. Full Story »

Posted by Mike LaBonte

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Subjects: Business, Sci/Tech
Topics: Energy, Oil and Gas
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Posted by: Posted by Mike LaBonte - Mar 17, 2009 - 10:23 AM PDT
Reviewed by: Mike LaBonte (review), Fabrice Florin (review)
Content Type: Blog Post
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Edited by: Mike LaBonte - Mar 17, 2009 - 10:23 AM PDT

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Mike LaBonte
4.3
 by Mike LaBonte - Mar. 17, 2009

This is mostly based on facts from EIA and IEA, but it also offers some opinion predicting the future. It is loaded with links and charts. Excellent data sources. Other experts are referenced. A very thorough treatment of oil production.

Mike posted this story.
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Fabrice Florin
3.9
 by Fabrice Florin - Mar. 17, 2009
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