The Plebian

Pretty Economic Pictures for the Illiterate Masses

The Peak Oil Update….

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The Oil Drum has provided an update regarding current and forecasted declines in global crude oil extraction (including the oil sands).

 

Or for a different perspective…

 

Declines are true on the global scale…

According to the International Energy Agency:
Forecast 2009 global oil demand is revised down 0.2 mb/d on weaker-than-expected preliminary data and non-OECD country baseline changes. Global oil demand is projected at 83.2 mb/d, 2.6 mb/d (3.0%) below 2008.”
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