82 MMBPD

We saw the global peak in oil production in July of this year, and I will blog for the record that that month will be the all time peak, ever. We will never see crude oil production in excess of that produced in July of 2008.



Right now we're seeing OPEC cutting back production by ~2 million barrels per day to offset the 'economic harm' doled out by the falling price of crude. Tack this on to the crashing production profiles of Indonesia, Britain, Norway, Mexico, the US of A, Peru, Ecuador, Australia, Gabon, Malaysia, Oman, Columbia, Argentina, Syria and Egypt, and we'll never see 82 mmbpd ever again. Never.

By the time we all get back to the fossil fuel burning spree we were on before this economic 'crisis,' the US will be a few percent further lower, Mexico will be in the double digits lower, and all the deepwater, ANWR, Arctic, Switchgrass, Algae, Brazilian Tupi, and Oil Shale/Oil Sand production won't be enough to offset the losses we'll be seeing from the nations above.

A chicken dinner for every reader if we ever produce more than 82mmbpd again.