Question about peak oil

[lutherj]

This came up in a discussion recently, and I've been looking for an answer. World oil production has been flat for the last 3 years and yet China has increased imports by something like 15% a year. Where is that increase coming from? I assume that it's a combination of several factors, such as demand destruction in some parts of the developing world, consumption of reserves, and use of non-conventional liquids. I've read bits and pieces to this effect, but has anyone seen actual statistics? I'd be interested to know which countries have lowered imports, and percentages of increase that can be attributed to non-conventional liquids.

I'd appreciate any information you might have on this.

[sharesunited]

1. Permeating throughout is price increase.

Supply steady + demand rising = price increase.

Increased price = decreased affordability = demand limits.

Wealthier nations account for much of the offsetting decline.

http://seekingalpha.com/article/40982-international-energy-agency-oil-supply-demand-trends-for-2007-2012

[Finishline42]

2. Good place to find that answer

http://www.theoildrum.com/

[Javaman]

3. Also check out...

www.energybulletin.net