Wikileaks shows peak oil is a reality

Kohoutek

Road_Hog wrote: »

Could you show me some factual evidence to support this assumption? If you're going to dispute my figures then you need to back it up.

Well if you knew how to read and interpret your figures you might see my point of view was correct.

http://nextbigfuture.com/2011/04/iea-reports-that-world-oil-supply-rose.html

Supply includes production of crude oil (including lease condensates), natural gas plant liquids, biofuels, other liquids, and refinery processing gains. World crude oil and liquid fuels consumption grew by an estimated 2.3 million bbl/d in 2010 to a record-high level of 86.7 million bbl/d.

Here's a graph from theoildrum that plots the EIA data referred to on your page. You can see that production of "crude and condensate" (that means "oil") is basically flat in the medium term.



And the IEA report. Search for "peak oil", and you'll find this paragraph:

Global oil production [meaning total liquids] reaches 96 mb/d, the balance of 3 mb/d coming from processing gains. Crude oil output reaches an undulating plateau of around 68‐69 mb/d by 2020, but never regains its all‐time peak of 70 mb/d reached in 2006, while production of natural gas liquids (NGLs) and unconventional oil grows strongly.

Given the IEA is predicting production of all liquids to reach 96 mb/d, significantly more than today, perhaps there's no cause for concern. But their previous predictions have proven to be very optimistic and every single one has been revised downward.