Saudi Arabian oil declines 8% in 2006
Stuart Staniford of The Oil Drum explains why he believes Saudi Arabia oil production has peaked using data from four different sources fit to a linear graph. Another graph compares the decline in production to the increased rig count in the country. Needless to say, if Staniford's reasoning turns out to be correct, the world has probably peaked, given the centrality of Ghawar and Saudi Arabia to the question.
March 15th, 2007
A Nosedive Toward the Desert
A Nosedive Toward the Desert ...Or, Why the Decline in Saudi Oil Production is Not Voluntary.
Staniford's impressive and extensive follow up article places the decline in the context of the price rise per barrel of oil over the past few years.
http://www.theoildrum.com/node/2331