Reply #10: Don't the folks at the EIA have email? [View All]

[IDemo]

Or at least chat at the watercooler? The EIA data points in the first graph indicate a reduction of 750,000 bpd over a one year period. There seems to be a disagreement with this trend in their publication "Annual Energy Outlook 2007 with Projections to 2030":

-- world liquids demand is projected to increase from about 84 million barrels per day in 2005 to 117 million barrels per day in 2030. OPEC liquids production is projected to total 48 million barrels per day in 2030, 40 percent higher than the 34 million barrels per day produced in 2005 and almost 2 million barrels per day above the AEO2006 reference case projection of 46 million barrels per day in 2030. The Middle East OPEC producers and Venezuela have the resources to boost their output substantially over the period. Non-OPEC liquids production is projected to increase from 50 million barrels per day in 2005 to 70 million in 2030, as compared with the AEO2006 reference case projection of 72 million barrels per day.

Not really suggesting a decline anywhere, are they? Another reason I call them the "EDA", (Energy Disinformation Agency).