Wednesday, May 29, 2013

Peak oil exports occured in 2005

The export market for oil peaked in 2005, although 2012 showed a slight increase in available export volumes.
At the same time China's and India's net oil imports reached a new all time high.
This means that even less oil is available for importing countries, when taking into account the increased consumption in India and China. Most OECD- and EU-countries need to buy oil on the shrinking exports market.
Adjusted for chinese and indian imports the export volumes has fallen 12.7% since 2005.

With a linear continued development the export market for oil will have vanished in 49 years, but the global total liquids oil production didn't fall 2005, it stagnated and entered a plateau-phase and has even increased somewhat the last few years. Once peak oil hits and production starts to fall, the available export market will vanish in 10-15 years, and several models show that the oil market exports will be gone by around 2030.

1 comment:

  1. Best granularity and knowledge of the Mould Release Oil with reffering to the peak oil given here.It provide the conventional knowledge need for economical curriculam and also fracking the technical renovation.