Chart of the Day: Peak What?
World oil production surpassed 75 million barrels per day for the first time ever in December 2011, at 75.45 million barrels, and went even higher in January of this year at 75.58 million barrels, setting a new monthly production record, according to data recently released by the EIA. The red line in the graph shows the upward linear trend in world oil production from 1973 onward, with daily production increasing by almost 600,000 barrels per day on average every year since 1973.
Thanks to Walter Olson for the inspiration for the post title.
- What Happened to Peak Oil? (wallstreetpit.com)
- Texas Oil Production increased 50,000 barrels per day from January to February (nextbigfuture.com)
- Texas Oil Commissioner talks about possible 4 million barrels of oil per day in 2016 from Texas (nextbigfuture.com)
Posted on May 13, 2012, in Chart of the Day, Graphic of the Day and tagged Chart of the Day, EIA, Energy Information Administration, List of countries by oil production, oil, oil production, Peak oil, Saudi Arabia, United States, Walter Olson, World. Bookmark the permalink. Comments Off on Chart of the Day: Peak What?.