Looks like the flood oil from the 2001 anglo-american invasion of the middle east oil fields is continuing to swell, just as the cornies predicted. They'll be plenty more increasing oil supply for the forseeable future.
Even with the loss of Libya's 1.55Mbpd , 2011 is comfortably set to break the records set by 2010's all time high records for oil supply.
We'll have to give 2011 it's own thread of course, just like we did for 2010s records.
I take it you'll again be needing a casual outsider (me) to the peakoil forum to start this new thread when the time comes, since its against the peakoil religion to monitor the IEA website for the latest oil supply figures - the IEA supply figures might continue their years long trend of falsifying the peak oil is now myth, and you can't have that.
http://omrpublic.iea.org/omrarchive/12oct11full.pdfWell either me or oilfinder will do it if you don't.
2010 average 87.45 Mbpd
2011 -1st quarter 88.40 Mbpd
2011-2nd quarter 87.53 Mbpd
2011-3rd quarter 88.68 Mbpd
It very unlikely the 4th quarter will fall so much to bring the 2011 average below 87.45Mbpd.
Yet another win for the cornies. Yet another fail for the doomers.
Oh and you can try subtracting OPEC NGLs, and bio if you like from the figures, but it won't help. 2011 will still hold the new all-time records.