Monday, 23 November 2015

"Trends in oil production"

From Econbrowser:

World field production of crude oil increased 2.9 million barrels a day
in the 12 months ended last July. That compares with a 3.6 mb/d increase
over the entire nine years from Jan 2005 to Dec 2013.



The biggest single factor is Iraq, where production is up almost 1.1
mb/d over the last year. Although ISIS has managed to bring cruelty to
much of the rest of the world, so

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