[spot5050]

Does anyone have a link to either a chart or figures for up-to-date world oil production?

Thanks.

[copious.abundance]

All-liquids, through June.


Early Warning

Crude & condensate, through March.


Economagic

[kiwichick]

yeah why is that oily?

[copious.abundance]

Why is it oily?

Because it's oil!

[copious.abundance]

Actually, if you look at the longer-term chart you'll notice c&c production is more-or-less continuing to follow the trajectory it's been following since about 1983.

[copious.abundance]

Actually I don't mind being called Oily. I suppose it's quicker to write than "OilFinder2." *shrugs*

This more appropriate trajectory, shows production having flattened out . . . just when prices hit all time record highs.

Quick question for p-the-starr: Would you buy the same amount of something if the price had quadrupled, or even quintupled?

[Keith_McClary]

How's plain old conventional crude doing? (Not including synthetics made from coal, tar sand, etc.)

EDIT: I mean "petroleum", the stuff that gushes out of the earth when you drill.

Also, since you mention EROEI in your sig, do you know of any charts of NET oil production (i.e., after subtracting the oil equivalent energy used to produce it)?

[copious.abundance]

Oily likes to include corn juice in his diet. It gives him trajectory in the morning.

In case you didn't notice, I did include a crude & condensate chart in my post above.

Regarding the oil price/production correlation? Supply/demand is mediated by price and has little to do with speculation, evil Arabs, greedy oil companies, or even pesky enviros.

You didn't answer the question, so I repeat: Would you buy the same amount of something if the price had quadrupled, or even quintupled?

[vision-master]

All-liquids, through June.


Early Warning

Crude & condensate, through March.


Economagic

oily - world oil production?

Don't include yer diarrhea too.

[Pops]

You didn't answer the question, so I repeat: Would you buy the same amount of something if the price had quadrupled, or even quintupled?

If your your lifestyle required you to continue purchasing it and you made no change, then of course you would continue - you'd simply not purchase something else (see the economic recovery thread)

OTOH, if you had not been able to buy any oil previously because of poverty, and then you became less poor, the price wouldn't appear to you to have increased at all, would it?

[copious.abundance]

Oily likes to include corn juice in his diet. It gives him trajectory in the morning.

In case you didn't notice, I did include a crude & condensate chart in my post above.

ethanol my friend. Ethanol.

Breaking news for p-the-starr: Ethanol is not counted in crude & condensate figures.

You didn't answer the question, so I repeat: Would you buy the same amount of something if the price had quadrupled, or even quintupled?

Like water? Or food? The price only doubled and quadrupled because some folks still have the means to purchase petroleum.

Still didn't answer the question. You remind me of your garden variety politician who, when asked a question by a reporter, does not actually answer the question, but instead uses the question as an opportunity to blurt out the usual rhetoric and platitudes, making it sound marginally like his/her response had something to do with the question. Maybe you should run for congress, you'd fit right in.

[peeker01]

OilFinder - Can you show any evidence that the last two steep price declines were related to a
supply shortage? Any idea what p is talking about?

[copious.abundance]

you post charts that show all liquids and I point out this includes White-Lightening. Is that odd?

In the same post I also posted a chart showing the EIA's crude oil production figures. Duh! See, lookee right on the chart, it says, "Crude Oil Production, World; Thousand Barrels per Day." I do believe a new pair of eyeglasses would assist you.

The point is not that sales went down because the price went up. No. Sales went down because supply went down. That is known as peak oil. The subject at hand.

Then why and how did supply and sales go back up again after the price had crashed - and even reached a new monthly record late last year? If we were at peak oil that should have been ... impossible. How come the production trend since 1983 is continuing? Here is the link again. The "bumpy plateau" everyone's been talking about the past few years doesn't even look like anything unusual in that chart.

[copious.abundance]

OilFinder - Can you show any evidence that the last two steep price declines were related to a supply
shortage? Any idea what p is talking about?

In the case of the one this year, yes of course that one was caused by a supply disruption (Libya). In 2008 there was no supply disruption. The price had skyrocketed due to a bubble, the world economy had already started to decline, and the combination of the two led to a decrease in demand. There's no point in Saudi Arabia (or anyone else) to pump a lot of extra oil just to tell the peakers "yuck yuck" - they simply didn't have enough customers for an overpriced product. So what looked like a flattening of production was due to a flattening of demand.

[Keith_McClary]

You didn't answer the question, so I repeat: Would you buy the same amount of something if the price had quadrupled, or even quintupled?

If your your lifestyle required you to continue purchasing it and you made no change, then of course you would continue - you'd simply not purchase something else

How about if your your life required you to continue purchasing it. I saw a news item about old folks suffering from the heat. It said they were within a couple of degrees of the threshold where they could not lose heat fast enough, and would die. They had air conditioners, but could not afford to run them. As for making changes or not purchasing something else, it didn't look to me like these folks had any affordable options.

If they're lucky they won't live long enough to find out whether or not Peak Oil is bunk and AGW is a fraud.