22 Jul 2007

Updated World Oil Forecasts

Tod_liquids_supply_demand_and_oil_p The comprehensive article on The Oil Drum that details his  highly documented views on the supply, demand and prices, for total liquids, crude oil and oil discovery rates which paints a rather bleak picture for our liquid supply. 

This figure summarizes it all for me.

I know some of you will disagree with this analysis, but I challenge you to document a more optimistic scenario. Please read the whole post if you are interested.