Peak Oil Magic Number: 86.13 MB/D

Over at The Oil Drum the latest International Energy Association energy production estimates have been parsed and posted.

The key figure is on worldwide liquids production and demand. Liquids include crude oil, liquid natrual gas, ethanol, etc. The case for peak production is pretty clear. In July of 2006 world liquids production hit 86.13 million barrels per day (MB/D). It has not hit that level since. Estimates are that global production will continue to hover in the "peak plateau" range of between 85 and 86 MB/D through 2009-10 before tapering off as Saudi and Mexican production begins to deplete.

Key producer Saudi Arabia retains its 2005 C&C peak (Fig 10), which is the same as the peak year for world C&C (Fig 2). Saudi Arabia C&C production has now dropped to 8.6 mbd which is 1 mbd less than its peak in 2005. It is now almost a certainty that Saudi Arabia passed peak C&C production of 9.6 mbd in 2005 (Figs 9,10).

Complete details available at the links to The Oil Drum above. Here is the picture that is worth 1000 words. Click to enlarge.



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