total liquids
sastyk | April 20, 2012The EIA, unlike the IEA, has been strident in its dismissal of peak oil. But the data that the EIA publishes tells a very different story than the one it wants us to hear. Gail the Actuary has a really good analysis up at the Oil Drum.. The essential message - that crude oil production remains basically flat, as it has since 2005, and that growth in non-crude "liquids" (all those things that have made up for the lack of crude growth in world demand) aren't growing as fast as desired or predicted.
Among the critical takeways - that unconventional oil production probably will cease to keep…