Monday, January 17, 2011
Last month I noted that global liquid fuel production appeared to be reaching a new peak on a monthly basis (subject to revisions and further data). Now, OPEC is out with their Jan report and initial numbers for December global production. These show December basically level with October and November, at this new peak level.
The IEA comes out with their numbers tomorrow (assuming they make the supply number public - occasionally they don't). So I'll update my graphs and comment further then.