Since I am an engineer (by education) and I like dealing with precise numbers, here is the result of my calculations:
85,000,000 x 365 = 31,025,000,000 barrels / year in 2011
with a 7% STEADY yearly growth rate we have:
2011 <—> 31,025,000,000
2012 <—> 33,196,750,000
2013 <—> 35,520,522,500
2014 <—> 38,006,959,075
2015 <—> 40,667,446,210
2016 <—> 43,514,167,445
2017 <—> 46,560,159,166
2018 <—> 49,819,370,308
2019 <—> 53,306,726,229
2020 <—> 57,038,197,065 amost twice the value of 2011…
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October 4th, 2011 at 6:03 pm
Excellent post. Some good points you mention in there.
October 6th, 2011 at 8:46 pm
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