Before the anoraks notice I said "what if annual production in the
year 2000 - of around
78m bbls - turns out to be a high point *which is never subsequently
surpassed*?", allow me to correct myself.

In fact of course, 78m bbls is the world *daily* production (according
to some estimates.

Annual oil production is now about 28 billion barrels of oil.

Mark


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