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World oil production (EIA Monthly) and various forecasts (2001-2027)
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World oil production (EIA Monthly) for crude
oil + NGL. The median forecast is calculated from 15 models that are predicting
a peak before 2020 (Bakhtiari, Smith, Staniford, Loglets, Shock model,
GBM, ASPO-[70,58,45], Robelius Low/High, HSM,Duncan&Youngquist). 95%
of the predictions sees a production peak between 2008 and 2010 at
77.5 - 85.0 mbpd (The 95% forecast variability area in yellow is computed
using a bootstrap technique). The magenta area is the 95% confidence interval
for the population-based model. |
