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Page added on November 14, 2012
Oil Supply Continues Flat in 2012
The future might be too bright to stare at, but back here in 2012, oil supply continues to look flat. There’s been no significant upward trend since January. This is starting to feel a bit like the 2005-2007 plateau:
Note that this graphs above show three estimates of total liquid fuel production (and their average). “All liquids” includes natural gas liquids and biofuels as well as actual oil. Generally, the non-oil components have been accounting for most of the growth since the end of 2004.
4 Comments on "Oil Supply Continues Flat in 2012"
actioncjackson on Wed, 14th Nov 2012 11:55 pm
And still above $100, the picture’s becoming increasingly clear
Others on Thu, 15th Nov 2012 12:33 am
Expected. Whatever increase in USA & Canada are compensated by decline in other countries.
NGL & Biofuels are increasing.
Kenz300 on Thu, 15th Nov 2012 4:00 am
We can now make second generation biofuels from trash or waste.
There is a lot of trash around the world that can be converted to biofuels, energy and recycled raw materials for new products. Since the input materials are already being collected this waste provides inexpensive inputs to the process.
Non conventional fuels will continue to grow and become a bigger part of the liquid fuel supply.
GregT on Fri, 16th Nov 2012 4:30 pm
And when we run out of trash to burn, maybe we can figure out a way to convert all of our oil derived infrastructure into fuels.
Hell, why stop there? We could probably figure out a way to convert the entire planet into fuel.
Burn, baby, burn!