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Freddy Hutter, TrendLines Research
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As a data analyst, Freddy Hutter of Trendlines Research provides guidance in chart format on the specialties of peak oil, realty bubbles, baseline GDP projections and election predictions. Virtually each day an update is published to the website's MemberVenue. All charts are made publicly... More
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  • New monthly/quarterly record set in Q1 ~ Saudi Arabia poised for #1 producer (again) 0 comments
    Aug 30, 2011 3:16 PM
    click to enlarge ... more peak oil charts @ my SA Instablog & website
    click to enlarge ... more peak oil charts @ my SA Instablog & website

    New Global Quarterly & Monthly Records set in Q1

    Aug 25th delayed FreeVenue public release of May 25th guidance @ our MemberVenue ~ The pace of flow rates indicates a new global Annual Supply record of 87.8-mbd is being set in 2011 A new global Quarterly Supply record of 87.9-mbd was set in 2011Q1January 2011 gains distinction for the all time global Monthly Supply record:  88.3-mbd. 

    The Quarterly record for Demand of 87.7-mbd was set in 2010Q4 (with shortfall difference of 0.1-mbd drawn from inventories).  February 2011 has set a new high mark for Monthly Demand:  88.6-mbd ... an incredible leap from the Recession low of 82.5-mbd in May 2009.  Demand is on a pace to break 90 in January 2013 before peaking @ 101-mbd in 2033.

    Trendlines Research's global All Liquids Underlying Decline Rates Observed:  2011 - 3.4% (2.94mbd);  1970-2009 Avg - 2.7%

    Note:  Because IEA data is overstated by an avg 0.5-mbd due to failure to deduct energy inputs for processing non-conventionals, IEA's A/Q/M stats disqualified for Record purposes.

    Saudi Arabia poised to overtake Russia for 1st Place

    Aug 25th delayed FreeVenue public release of May 25th guidance @ our MemberVenue ~
    In a grudge match that spans three decades, Russia is about to lose its tentative lead as World's top All Liquids producer.  It is improbable Russia's 1987 annual/quarterly/monthly records of 11.5-mbd will ever be surpassed.

    Albeit Russia set a 10.5-mbd recent Quarterly Record in Q4, Saudi Arabia has ratcheted up to 10.4-mbd in a quest to pay for reforms and quell the Arab Spring spill-over ... despite OPEC quota restrictions.  In 3rd place, the USA flow is down a tad from its recent-Quarterly Record with a pace of @ 8.7-mbd.

    Following are China (4.2), Iran (3.6), Canada (3.5) & Mexico (3.0-mbd)

    Trendlines Research's All Liquids Underlying Decline Rates Observed in 2011:  Worldwide 3.4% (2.9-mbd), Saudi Arabia 3.2% (0.33-mbd) & USA 2.5% (0.22-mbd)

    original article:

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