The world's net oil exports are starting to decline

[GliderGuider]

Oil exports tracked production rates before 2006. Ever since 2006 - just after world oil production entered its plateau - net exports have been dropping relative to production.

The 23 exporting countries included range from Saudi Arabia with exports of 7.2 mbpd in 2010, down to Vietnam with only 0.032 mbpd exported 2010. These 23 countries ship virtually all of the oil available on the world market.

Of these, 11 countries that account for 40% of the oil on the world market are clearly past the peak of their export capability.

[earthside]

1. No doubt.

Where did you acquire this graph and information?

[GliderGuider]

2. I built the graph myself last night

Last edited Sat Mar 31, 2012, 11:16 PM - Edit history (1)

from the data in the BP Statistical Review Spreadsheet. I've known about the Net Export problem for a few years now.

On edit: I've updated the graphic to indicate my authorship.

[4dsc]

3. wait till resource nationalism raises it ugly head

and these exports go down even further.

[GliderGuider]

4. Yep. And a return to mercantilism on the part of the big buyers (read Chindia).

It's going to get "interesting" over the next 5 years or so. I'm getting into permaculture as a defensive response to the whole clusterfuck.