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2005-2018 Conventional crude production on a bumpy plateau – with a little help from Iraq

2005-2018 Conventional crude production on a bumpy plateau – with a little help from Iraq

This post is an update of a graph done in 2015:

Conventional_oil_plateau_2005_2014
Fig 1: Conventional oil production on bumpy plateau 2005-2014
In http://crudeoilpeak.info/latest-graphs

When adding the new data for 2015-2018 it was discovered that the 1980-2014 data had been changed – mainly increased by up to 1.24 mb/d in 2014 as shown in this graph:

EIA_oil_supplies_stat-changes_2014_in_2018
Fig 2: Total EIA oil supplies were retrospectively changed

When (re-)calculating conventional crude oil production the increase in crude oil (528 kb/d in 2014) matters most so the following graph shows this difference.

EIA_crude_stat-changes_2014_in_2018
Fig 3: Changes in EIA crude oil statistics

US shale oil production

This is unconventional oil as the source rock has low permeability and low porosity and therefore needs to be fracked.

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