05-06-2015, 03:27 PM
Right on cue right after they have purposely shut down the oil rigs now they are makng the false claim that we have run out of oil again.
Of course the dumb Americans will believe it yet again.
Oh and oil climbing to $70 and over $3 in many areas again and closing on on $4 in California.
5-5-2015
The Return Of Peak Oil – Worrying Signs From U.S. And Russia
Since around 2005 many countries have increased their oil production but more have decreased. But the combined production of the United States and Russia have kept the world on a slight uptrend since that time.
World oil production jumped in 2011, hardly moved at all in 2013 but it was up by more than 1.5 million barrels per day in 2014. And after such a huge gain everyone and their brother were singing “peak oil is dead’. But if you scroll down through the 37 major world oil producers it becomes obvious that a majority of nations have peaked and most of them are in steep decline.
Bottom line, USA peaks in 2015 and Russia peaks in 2015 which means the world peaks in 2015.
Of course there is a possibility that the peak could actually be in 2014 or even 2016, but I am firmly convinced that we are at peak oil right now. If you have a counter argument I would love to hear it so please post it in the comments below.
I have published a new page, World Oil Yearly Production Charts with annual data charts for all the world’s major oil producers.
By Ron Patterson
Of course the dumb Americans will believe it yet again.
Oh and oil climbing to $70 and over $3 in many areas again and closing on on $4 in California.
5-5-2015
The Return Of Peak Oil – Worrying Signs From U.S. And Russia
Since around 2005 many countries have increased their oil production but more have decreased. But the combined production of the United States and Russia have kept the world on a slight uptrend since that time.
World oil production jumped in 2011, hardly moved at all in 2013 but it was up by more than 1.5 million barrels per day in 2014. And after such a huge gain everyone and their brother were singing “peak oil is dead’. But if you scroll down through the 37 major world oil producers it becomes obvious that a majority of nations have peaked and most of them are in steep decline.
Bottom line, USA peaks in 2015 and Russia peaks in 2015 which means the world peaks in 2015.
Of course there is a possibility that the peak could actually be in 2014 or even 2016, but I am firmly convinced that we are at peak oil right now. If you have a counter argument I would love to hear it so please post it in the comments below.
I have published a new page, World Oil Yearly Production Charts with annual data charts for all the world’s major oil producers.
By Ron Patterson