Charts that show my perception of the history of global oil production and where we are at today
The information about the history of global oil production is confusing. It is really difficult to find useful charts when one searches for images of oil charts on google. One is stunned of all the failed predictions, usually too radical, of a too quick oil peak.
Here I present charts that I think present historical and present reality closest to the truth, as I see it:
1) This chart shows that conventional oil production (includes both conventional onshore oil and offshore oil, including deepwater oil, but not ultra-deepwater oil) has been on an undulating plateau since 2005 (this is very important to know if one calculates conventional oil exports, which I have done much). Observe that the situation since 2019 has not changed, we have been at the same levels since then, except for a deep dive during the pandemic, and a fast recovery back to the pre-pandemic levels. The chart is by Art Berman, from this article:
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2) These two charts show the time when unconventional oil (includes a whole lot of things, things like shale oil, oil shale/kerogen, tar sands, biofuels, natural gas liquids (NGL:s), refinery gains and ultra-deepwater oil) began to boom, and how big part the unconventional oil played already in 2015. The charts are by Art Berman, from this article:
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3) This chart shows the continuation of the situation for "All Liquids" oil production from 2016-2021, and is from this article:
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4) This chart shows the continuation of the situation for crude+condensate (conventional oil+condensate) since 2017, and is from this blogpost by "ovi" at the blog "Peak Oil Barrel":
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5) Here is the situation today for crude+condensate, the chart is from this blogpost by "ovi" at "Peak Oil Barrel":
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6) Here is the situation today for "All Liquids", from this blogpost by Dennis Coyne at "Peak Oil Barrel":
