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Tag Archives: Russia
What the new 2011 EIA oil supply data shows
The US Energy Information Administration (EIA) recently released full-year 2011 world oil production data. In this post, I would like show some graphs of recent data, and provide some views as to where this leads with respect to future production. … Continue reading
Posted in Oil and Its Future
Tagged Iran, Iraq, Libya, oil production, oil supply, Russia, Saudi Arabia, world oil supply
78 Comments
Fall of the Soviet Union: Implications for Today
Back in the 1960s and 1970s, the country that was the “big growth story” was the Soviet Union. Its oil consumption grew by leaps and bounds. Its space program grew; its military program grew; and it became much more industrialized. But … Continue reading
World Oil Production – Looking for Clues as to What may be Ahead
If we look at a graph of historical world oil production, we see a somewhat bumpy production pattern with two major price spikes (in 2009 $)–one peaking in 1981 and one peaking in 2008. The first spike in prices occurred … Continue reading