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World Oil Capacity to Peak in 2010 Says Petrobras CEO (updated)
Mr. Gabrielli, the CEO of Petrobras, gave a presentation in December 2009 in which he shows world oil capacity, including biofuels, peaking in 2010 due to oil capacity additions from new projects being unable to offset world oil decline rates.
February 4, 2010
World Oil Production Forecast – Update November 2009
NOTE: Images in this archived article have been removed. World oil production peaked in July 2008 at 74.74 million barrels/day (mbd) and now has fallen to about 72 mbd. It is expected that oil production will decline at about 2.2 mbd per year as shown below in the chart. The forecasts from the IEA WEO … Read more
November 23, 2009
