Itinerant Air-Cooled

Since 2005, despite a phase transition in prices, global oil production has been trapped below a ceiling of 74 mbpd (million barrels per day).

denjohn wrote:

Since 2005, despite a phase transition in prices, global oil production has been trapped below a ceiling of 74 mbpd (million barrels per day).

While demand from China, India, etc have greatly increased.

More at:
http://www.businessinsider.com/global-o ... ata-2012-4