world oil production
Graph of world oil production, power "Statistical information on the IEA" and The Oil Drum
The global oil industry has been able to increase oil extraction in a sustained manner until 2005, but after that year, has remained stagnant in the limit of 74 million barrels per day. That
suggests that we have passed the peak of global oil, which will be followed by the irreversible decline of world production, causing a severe shortage in international markets.
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