Includes: crude oil + shale oil + oil sands + natural gas.
- 90% production increase comes from USA and Canada, the rest from Brasil. Price drop will probably eliminate further North-America production growth this year.
- Largest decline came from Libya.
- Russia and China, the world’s #2 and #5 producers, together produced nearly 18% of the world’s oil. But recently, their annual gains have been shrinking.
- Iraq and Iran have the potential to make significant production gains.
[us6.campaign-archive1.com] – ASPO USA Peak Oil Review, 15 June 2015