
Assuming that this trend will continue, our prediction is that next year the estimate of future oil supplies will be ratcheted down one more notch. Perhaps by another 6 mbd, to match the difference between the 2009 and 2010 reports?
It's when we eyeball the graph that shows us the breakdown in petroleum sources by type that a few important details jump out at us:

Bill: I'm not sure what "New Policies Scenario" means. Still, the chart speaks for itself. This stuff is not news, but I find it useful to shock myself from time to time by looking at it.
---Chris Martenson, Minyanville, today
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