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:
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:
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.
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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