http://omrpublic.iea.org/currentissues/full.pdf page 59
88.46mbpd average for 2011
That beats the previous record set by 2010 by 0.99mbpd.
biofuels were static this year. OPEC NGLs increased by 0.45mppd.
Cornucopian predictions have been shown to be correct again, continuing over a hundred years of correct predictions.
Peak oil is now predictions have been falsified again, continuing over a hundred years of failed predictions. ( when included with their predecessors the 'running outers' predictions. )
The flood of oil from the 2001 middle east oil bonanza is expected to increase for a few year to come, and keep the world economy supplied with plenty of oil for at least another 20 years. No oil shortage in sight.
Last years threadmeemoe_uk wrote:Another year, another fail for the 'peakoil is now' gang.
But, this doesn't mean anything to a peaker.
Don't wobble in your beliefs about panic and hype about an imminent oil shortage crisis.
Let JD explainNow you can have all the fun of hype and scare you had last year ( and year before that, and the decades before that..etc) all over again.
Because now.....
PEAK OIL WAS IN 2010!!!!
And this isn't like all the other times we think peak has happened. This time we really know for sure. There is absolutely no way conventional supply can top 2010. And this is time, it's not like dozens of other years that there's been absolutely no way that supply can go up. Oh no, THIS...IS...IT!!!
Now peak oil was in 2011, right?
So commence same unfouned hype as last year, and see you all for same falsification same time next year.