Re: IEA : world set all time high oil supply record in 2011
Posted: Fri 03 Feb 2012, 11:28:56
While I'm here on the cornucopian annual reminder to the peak oil doom is now religion that peak oil isn't anywhere near happening yet, and you all fall back on other myths such as dwindling EROEI and economy based on $20pb oil, I'll just shoot down the ' we've been on a 10 year undulating plateau ' myth.
According to the IEA : Oil supply has been shooting up fast for at least 18 years. These figures are taken from the September issues of their world oil reports where possible.
http://omrpublic.iea.org/
use the 'see archives' box to get the world supply reports, which are usually around page 50.
World average oil supply by year. Millions of barrels per day average.
2011 : 88.45
2010 : 87.46
2009 : 85.06
2008 : 86.50
2007 : 85.70
2006 : 85.60
2005 : 84.46
2004 : 83.10
2003 : 79.70
2002 : 76.60
2001 : 76.91
2000 : 76.69
1999 : 74.06
1998 : 75.44
1997 : 74.39
1996 : 72.05
1995 : 69.94
1994 : 68.56
1993 : 67.45
Yep. Wouldn't surprise me if its one of the most continuous and fast rising supply runs in oil history.
To get the undulating plateau myth from these figures, doomers have to throw all manner of crap at them, under the banner of 'just about every type of oil is unconventional these days so doesn't count' .
The supply is expected to continue is rise at an accelerated rate for a few more years, what with the epic development in the middle east continuing, and the practically limitless reserves of shale and sand oil becoming economical, as by Kublikhan's graph.
According to the IEA : Oil supply has been shooting up fast for at least 18 years. These figures are taken from the September issues of their world oil reports where possible.
http://omrpublic.iea.org/
use the 'see archives' box to get the world supply reports, which are usually around page 50.
World average oil supply by year. Millions of barrels per day average.
2011 : 88.45
2010 : 87.46
2009 : 85.06
2008 : 86.50
2007 : 85.70
2006 : 85.60
2005 : 84.46
2004 : 83.10
2003 : 79.70
2002 : 76.60
2001 : 76.91
2000 : 76.69
1999 : 74.06
1998 : 75.44
1997 : 74.39
1996 : 72.05
1995 : 69.94
1994 : 68.56
1993 : 67.45
Yep. Wouldn't surprise me if its one of the most continuous and fast rising supply runs in oil history.
To get the undulating plateau myth from these figures, doomers have to throw all manner of crap at them, under the banner of 'just about every type of oil is unconventional these days so doesn't count' .
The supply is expected to continue is rise at an accelerated rate for a few more years, what with the epic development in the middle east continuing, and the practically limitless reserves of shale and sand oil becoming economical, as by Kublikhan's graph.