Peak Oil is You
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Page added on December 22, 2005
The Oil Drum: A Plot of IEA global production with November’s data
Here’s the latest plot of average monthly oil production from various estimates. Click to enlarge. Believed to be all liquids. Graph is not zero-scaled. Source: IEA, and EIA. The IEA raw line is what they initially state each month. The IEA corrected line is calculated from the month-on-month production change quoted the following month.
Overall, it still looks to me like there was a structural break last summer. Whether we are very close to peak, or we will crawl up some more is hard to tell, but the sharp increases of 2002-2004 definitely seemed to stop in the middle of last year.
More evidence after the jump to The Oil Drum.
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