Entering text into the input field will update the search result below

Monthly/Qtr'ly/Annual oil production Records set in 2010 despite OPEC restrictions on Saudi Arabia

May 23, 2011 3:17 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Seeking Alpha Analyst Since 2008

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 available the site's FreeVenue after a 90-day exclusivity to subscribers. TRENDLines coverage commenced in 1989, but Hutter's macro economic guidance goes back to 1971. Accurate and timely analysis includes the TRENDLines Recession Indicators (TRI) for Canada, China & USA; the Realty Bubble Monitor's tracking of housing bubbles in Australia, Canada, UK & USA; the Barrel Meter's tracking of price components for gasoline and crude oil along with 1/5/10/23-year crude price projections; and the PS2500's multi-century forecast for oil production & depletion; and the Debt Wall - USA 30-year Debt/Deficit projections. Randomly the firm provides c02 projections on the effects of fossil fuel contribution to climate change; and key international election forecasts.
click to enlarge ... more peak oil charts @ my Instablog & website

May 21st delayed FreeVenue public release of Feb 1st guidance @ our MemberVenue ~ The pace of flow rates indicates a new global Annual Supply record of 87.1-mbd is being set in 2011. A new global Quarterly Supply record of 86.8-mbd was set in 2010Q4. December 2010 gains the distinction for the all time global Monthly Supply record: 86.9-mbd.

The Quarterly record for Demand of 87.2-mbd was set in 2007Q4 (with shortfall difference of 1.9-mbd drawn from inventories). The High Demand Month was February 2008's 88.0-mbd, but consumption fell to 82.5-mbd by May 2009 amidst the depth of the world Recession. Both of these records are poised to fall in Q1.

Trendlines Research's global All Liquids Underlying Decline Rates Observed: 2010 - 2.9%; 1970-2009 Avg - 2.7%

click to enlarge ... more peak oil charts @ my Instablog & website
 In a grudge match that spans three decades, Russia narrowly holds its 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.

Russia is up a tad to 10.5-mbd, a recent Quarterly Record, while Saudi Arabia's 10.1-mbd reflects a matching up-ratchet despite an OPEC quota restriction. In 3rd place, the USA flow is at a recent Quarterly Record pace of @ 8.9-mbd.

Following, are China (4.2), Iran (3.7), Canada (3.4) & Mexico (2.9-mbd).

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.