November 15, 2007: Is World Oil Production Peaking?

Data for IS WORLD OIL PRODUCTION PEAKING?

World Oil Production, 1950-2007 (figure and table)

World Oil Production, 1950-2007, with Projections to 2020 (figure)

Oil Production in the United States, 1900-2006 (figure and table)

Crude Oil Price, 1970-2007 (Nominal Dollars) (figure and table)

Crude Oil Price, 1970-2007 (Constant 2007 Dollars) (figure and table)

The Growing Gap: Discoveries and Production of Conventional Oil (figure)

World’s Twenty Largest Oil Fields (table)

Top Twenty Oil-Producing Countries, 2006 (table)

Selected Pre- and Post-Peak Oil-Producing Countries, 2006 (table)

Top Twenty Oil-Consuming Countries, 2006 (table)

World Oil Production, 1950-2007
Year	Production
	Million Barrels per Day
1950	10.42
1951	11.73
1952	12.34
1953	13.15
1954	13.74
1955	15.41
1956	16.78
1957	17.64
1958	18.10
1959	19.54
1960	21.03
1961	22.43
1962	24.33
1963	26.13
1964	28.25
1965	31.80
1966	34.57
1967	37.12
1968	40.44
1969	43.63
1970	48.06
1971	51.20
1972	54.00
1973	58.90
1974	59.00
1975	56.49
1976	60.89
1977	63.29
1978	63.98
1979	66.57
1980	63.86
1981	60.55
1982	58.13
1983	58.01
1984	59.71
1985	59.12
1986	61.91
1987	62.28
1988	64.62
1989	65.92
1990	66.78
1991	66.85
1992	67.35
1993	67.55
1994	68.94
1995	70.42
1996	72.31
1997	74.60
1998	75.71
1999	74.31
2000	76.92
2001	77.11
2002	76.79
2003	79.54
2004	82.90
2005	84.15
2006	84.80
2007 *	84.62
Note: Oil production includes natural gas liquids, oil from non-conventional sources, and processing gains.
* 2007 figure based on data for first ten months.
Source: Compiled by Earth Policy Institute with 1950-1964 data compiled by Worldwatch Institute from U.S. Department of Defense and U.S. Department of Energy data; 1965-1970 data from BP, Statistical Review of World Energy 2007 (London: BP, 2007); 1971-2005 data from International Energy Agency (IEA), Annual Statistical Supplement (Paris: IEA, 1991, 2000, and 2005); 2006 and 2007 data from IEA, Oil Market Report (Paris: IEA, 13 November 2007). Biofuels subtracted from IEA data using F.O. Licht, "World Fuel Ethanol Production," table, World Ethanol and Biofuels Report, vol. 6, no. 4 (23 October 2007), and F.O. Licht, "World - Biodiesel Production (tonnes)," table, World Ethanol and Biofuels Report, vol. 5, no. 14 (23 March 2007), with energy conversion factors from Oak Ridge National Laboratory, "Bioenergy Conversion Factors," at bioenergy.ornl.gov/papers/misc/energy_conv.html, viewed 12 November 2007.

Oil Production in the United States, 1900-2006
Year	Production
	Million Barrels per Day
1900	0.17
1901	0.19
1902	0.24
1903	0.28
1904	0.32
1905	0.37
1906	0.35
1907	0.46
1908	0.49
1909	0.50
1910	0.57
1911	0.60
1912	0.61
1913	0.68
1914	0.73
1915	0.77
1916	0.82
1917	0.92
1918	0.92
1919	1.04
1920	1.21
1921	1.29
1922	1.53
1923	2.01
1924	1.95
1925	1.70
1926	2.11
1927	2.47
1928	2.46
1929	2.76
1930	2.46
1931	2.33
1932	2.15
1933	2.48
1934	2.49
1935	2.72
1936	3.00
1937	3.50
1938	3.32
1939	3.46
1940	4.11
1941	3.85
1942	3.80
1943	4.13
1944	4.58
1945	4.70
1946	4.75
1947	5.09
1948	5.52
1949	5.05
1950	5.41
1951	6.16
1952	6.26
1953	6.46
1954	6.34
1955	6.81
1956	7.15
1957	7.17
1958	6.71
1959	7.05
1960	7.04
1961	7.18
1962	7.33
1963	7.54
1964	7.61
1965	7.80
1966	8.30
1967	8.81
1968	9.10
1969	9.24
1970	9.64
1971	9.46
1972	9.44
1973	9.21
1974	8.77
1975	8.38
1976	8.13
1977	8.25
1978	8.71
1979	8.55
1980	8.60
1981	8.57
1982	8.65
1983	8.69
1984	8.88
1985	8.97
1986	8.68
1987	8.35
1988	8.14
1989	7.61
1990	7.36
1991	7.42
1992	7.17
1993	6.85
1994	6.66
1995	6.56
1996	6.47
1997	6.45
1998	6.25
1999	5.88
2000	5.82
2001	5.80
2002	5.75
2003	5.68
2004	5.42
2005	5.18
2006	5.10
Note: Oil production includes crude oil and lease condensate.
Source: U.S. Department of Energy, Energy Information Administration, "U.S. Crude Oil Production," at tonto.eia.doe.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_a.htm, updated 12 October 2007.

Annual Average Crude Oil Price, 1970-2007
Year	Price	Price
	U.S. Dollars per Barrel (Nominal Dollars)	U.S. Dollars per Barrel (Constant 2007 Dollars)
1970	1.80	9.54
1971	2.13	10.83
1972	2.46	12.11
1973	3.14	14.48
1974	12.44	51.88
1975	13.88	53.01
1976	13.47	48.68
1977	14.53	49.30
1978	14.56	45.92
1979	21.54	60.66
1980	33.97	84.78
1981	37.07	83.98
1982	33.59	71.61
1983	29.35	60.59
1984	28.87	57.16
1985	27.00	51.63
1986	15.04	28.20
1987	19.17	34.69
1988	15.98	27.82
1989	19.64	32.58
1990	24.47	38.39
1991	21.50	32.47
1992	20.56	30.13
1993	18.45	26.28
1994	17.19	23.84
1995	18.44	24.89
1996	22.11	28.97
1997	20.61	26.41
1998	14.45	18.23
1999	19.26	23.73
2000	30.30	36.17
2001	25.95	30.14
2002	26.11	29.83
2003	31.12	34.79
2004	41.44	45.07
2005	56.49	59.43
2006	66.02	67.32
2007 *	68.13	67.70
Note: 1970-1973 prices are the official price of Saudi Light, 1974-1985 prices are refiner acquisition costs of imported crude oil, 1986-2007 prices are spot prices for West Texas Intermediate at Cushing, OK.
* 2007 figure based on data for first ten months.
Source: Compiled by Earth Policy Institute from U.S. Department of Energy (DOE), Energy Information Administration (EIA) "Annual Oil Market Chronology," at www.eia.doe.gov/emeu/cabs/AOMC/Overview.html, updated July 2007, and DOE, EIA "Cushing OK WTI Spot Price FOB (Dollars per Barrel)," at tonto.eia.doe.gov/dnav/pet/hist/rwtcD.htm, updated 7 November 2007; consumer price index deflator from U.S. Department of Labor, Bureau of Labor Statistics, "Consumer Price Index - All Urban Consumers," at www.bls.gov/cpi, updated 17 October 2007.