GLOBAL OIL EXPORTS IN DECLINE SINCE 2006: WHAT WILL IMPORTING NATIONS DO?

"'We're losing one major exporter per year,' [petroleum geologist Jeffrey] Brown said. He expects that rate of loss to continue. He added that as a group, oil production in the 33 countries he tracks has hit a plateau, bouncing between 61 and 63 million barrels per day since 2005. If total production from exporting nations starts to fall, look for an acceleration in the decline of net exports. Brown said importers around the world are already being forced to respond to an ongoing decline in net exports. 'We are on our way to energy independence,' he joked. "'Just not in the way that we expected.'"

Ein Artikel von Kurt Cobb über sinkende Ölexportmengen der ölexportierenden Länder aufgrund des Förderrückgangs alter Felder und des dort steigenden Eigenverbrauchs. Erschienen auf Resource Insights (23. September 2012).