Tech Talk – Iranian Potential and the Caspian Disputes


As we come to the end of the year, Leanan continues to point to the many stories that now fill the media reporting on the perception that the time to worry about peak oil is over. However, as Darwinian perceptively points out, the global supply of oil (crude and condensate) is not going up with the celerity that most commentators are envisaging.

1. Darwinian global candc.png

Figure 1. EIA reported global crude and condensate production through September 2012, (Darwinian at The Oil Drum)

The global balance between available supply and demand is in a balance, where the amount of oil ...

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