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View Diary: Countdown to $100 oil (40) - Oil production plateauing (198 comments)

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  •  Longer timelines? (1+ / 0-)
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    berith

    I'm curious about something.  Right now we see a plateau in production over the last two years.  I think it would be helpful to establish the historical precedence for this.  That is, how often in the past have we had continuing increases in demand and a plateauing of production?  

    I'm guessing the answer is never, and would thus validate this point.  Certainly there are times where production has flattened, or even declined, because the demand for oil diminished.  Flat oil production growth in a time where demand and prices are going up screams peak oil.

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