UPDATED: Countdown to 100$ oil (16) - We'll know on Monday | 28 comments (28 topical, editorial, 0 hidden)

I think I found something rather curious.

I downloaded the Excel version, so that I could create a more viewable table and check for myself - and indeed it appears that the world total figures are significantly below current estimates of 80 million barrels per day even for months where data for big producers is complete (e.g. summer and November 2004) - it appears production never topped 68 million barrels per day, by extrapolation it is barely above 70 million barrels a day now. (And I can't think of any significant producers not on this list.)

Could you two energy experts here comment this?

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Tue Nov 22nd, 2005 at 05:59:17 AM EST

Re: World total (none / 1)

Yes, this is only oil. It usually does not include condensates (liquids from gas fields) and other LPGs.

I am not sure that unconventional oils are counted in the above tables.

Then you also have refinery surplus (whihc HiD can probably explain better than I) which is not negligible.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Nov 22nd, 2005 at 07:02:36 AM EST
[ Parent ]

Re: World total (none / 0)

>>spark goes up<<

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Tue Nov 22nd, 2005 at 07:28:31 AM EST
[ Parent ]

Re: World total (none / 0)

I also forgot to check Iraq in the table - data missing there, so another 2 million.

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Tue Nov 22nd, 2005 at 07:50:50 AM EST
[ Parent ]

UPDATED: Countdown to 100$ oil (16) - We'll know on Monday | 28 comments (28 topical, 0 editorial, 0 hidden)