X-Message-Number: 29553
From: "Mark Plus" <>
Subject: Ahem. . . 
Date: Tue, 12 Jun 2007 08:05:07 -0700

According to BP's just-published Statisical Review of World Energy for 2007, 
world oil production grew by a shockingly low 0.4 percent from 2005 to 2006 
(though I come up with 0.5 percent from the table's figures), despite 
persistently high prices which should have caused a flood of oil to come 
into the market according to standard economic theory:



http://www.bp.com/liveassets/bp_internet/globalbp/globalbp_uk_english/reports_and_publications/statistical_energy_review_2007/STAGING/local_assets/downloads/pdf/table_of_world_oil_production_2007.pdf

Meanwhile, proved oil reserves declined slightly (by 1.3 billion barrels, 
about sixteen days' supply at current production levels):



http://www.bp.com/liveassets/bp_internet/globalbp/globalbp_uk_english/reports_and_publications/statistical_energy_review_2007/STAGING/local_assets/downloads/pdf/table_of_proved_oil_reserves_2007.pdf

A few more data points like these, and the Peak Oil deniers will have some 
explaining to do.

Mark Plus

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