Tuesday, September 13, 2011

Global Oil Production up in August

Above is my short term graph showing global liquid fuel production through August.  Both timely sources (OPEC and the IEA) show it pretty much back to the January level.

Below shows a long version of the same data along with real WTI spot prices on the right hand scale.

As far as commentary goes, I don't have much to add to yesterday's post. If you didn't already see it, you should read the Der Spiegel article on German planning for a Greek exit from the Euro.

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