Inside, confidential, off the record: Cantarell Inevitable

Mexico’s Cantarell oil field, the world’s second largest producer, is not just beginning to dry up, it is falling dramatically, totally in line with what Peak Oil addicts would predict. Just in the last year daily production fell by 20 percent. It is now producing about 1.6 million barrels per day, down from two million a year ago. The estimation by some experts is that by 2010, Cantarel would produce less than half a millon barrels per day.

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