Friday, December 10, 2010

How Is This Not News? - Peak Production Was 70 Mb/d

From the IEA via TO: Projection: Peak Oil Happened in 2006
"Crude oil production will more or less stabilize around 68-69 Mb/d (millions of barrels per day) towards 2020, but will never return to the record level of 70Mb/d it achieved in 2006."