Saildog

Peak Oil Test Looming

IEA "oil" production figures include biofules and syncrude from tar sands. Because these products have low EROI's, are produced using unsustainable practices and because they have significnt levels of crude oil embedded in theirproduction, I exclude them from the IEA total. Take off 2mbpd to arrive at a "true" production level for crude oil.

The adjusted figures show crude production has actually declined since 2004. This is part of a much bigger picture. Saudi production has had a steep downward trajectory for some time now, but produced a small increase in April. Will Saudi production stabilise? Or will it continue to decline? How fast is Mexico's decline going to be? Canterell crashed 20% last year.