Country-by-country projected evolution of (gross) oil production capacity to 2020 (first 23 countries)

Capacity measured in million barrels per day


Source: Oil: The Next Revolution: The Unprecedented Upsurge of Oil Production Capacity and What It Means for the World; discussion paper by Leonardo Maugari, Harvard Center for Science and International Affairs, June 2012


Contrary to what most people believe, oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption. This could lead to a glut of overproduction and a steep dip in oil prices.


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