Iran Oil Production Hits 10-Year Low
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  • bill phelps

    Iran is in de facto control of the oil fields of southern Iraq and in the export of their yield. Iran will not be hurting for awhile.

  • Jacksonian Libertarian

    Better check your numbers, 33.8 million barrels a day is wrong.

    • Walter Russell Mead

      The House of Pain opens its gates to receive another intern.

  • Hoyticus

    33.8 millIon barrels a day? That would be more than a third of the Earth’s output a day, I believe you meant to put the decimal one character to the left.

  • matthew49

    33 million barrels a day can’t be right. Is the decimal point in the wrong place?

  • Mark Michael

    “So it’s no surprise that Iran oil production has now fallen to a ten-year low of 33.8 million barrels per day, according to estimates from the International Energy Agency (IEA).”

    I presume this is a typo. The EIA estimated Iran’s production at 3.65 million barrels per day for 2011. The OPEC allocation for Iran for 2011 was 3.34 million barrels/day. (A misplaced decimal point?) See:

    http://www.eia.gov/cabs/iran/Full.html

    The world’s total oil production for 2010 was 87.5 million barrels per day. A per country breakout can be found here for 2010 (an EIA website):

    http://205.254.135.7/countries/

    Copying the top 15 producer countries:

    1. Saudi Arabia – 10,521,000 barrels/day
    2. Russia – 10,146,000 barrels/day
    3. US – 9,688,000 ” / ”
    4. China – 4,273,000 “/ ”
    5. Iran – 4,252,000 barrels/day [can see the drop in 2011]
    6. Canada – 3,483,000 ” / ”
    7. Mexico – 2,983,000
    8. United Arab Emirates – 2,813,000
    9. Brazil – 2,719,000
    10. Nigeria – 2,458,000
    11. Kuwait – 2,450,000
    12. Iraq – 2,408,000
    13. Venezuela – 2,375,000
    14. Norway – 2,134,000
    15. Algeria – 2,078,000

    It’s an interesting website. You can sort the countries by production total, export total, internal consumption total, or import total.

    Here are the largest importers. The US is over twice as large as China, the 2nd-largest importer:

    1 United States – 9,631,000 barrels/day
    2. China – 4,542,000 barrels/day
    3. Japan – 4,261,000 ” ”
    4. Germany – 2,319,000
    5. India – 2,172,000
    6. Korea, South – 2,142,000
    7. France – 1,791,000
    8. United Kingdom – 1,566,000
    9. Spain – 1,440,000
    10. Italy – 1,397,000
    11 Netherlands – 962,000
    12 Singapore – 942,000
    13 Taiwan – 894,000
    14 Turkey – 650,000
    15 Belgium – 619,000

  • It isn’t just oil the Iranians are running out of. The average female Iranian of childbearing age had seven siblings but will have one child herself. Iranian women have among the lowest total fertility rate on the planet. It’s arguable that no one will have to worry about Iranians at all within two generations. If Iranians don’t believe in their culture or future, no reason exists for anyone else to. More advanced cultures who are able to use Iran’s resources more productively will do so soon enough. If the pre-Enlightenment barbaric world of islam isn’t going to use their resources, whether via stupidity, irrationality, laziness, mythology or erasing themselves from the gene pool, that’s fine with the civilized world.

  • Mark Michael

    Re: Comment 7 The House of Pain

    Dear intern, so you accidentally hit the “3” key twice when you typed 3.8 million (33.8) – no big deal, altho you might proofread a little better! (If you did proofread and didn’t recognize that 33.8 million was awfully big, then, well..)

    This is unrelated to this Iran post, but energy issues are a really big deal this year, given the upcoming prez elections and increasing gas prices at the pump. There’s a lot of misleading demagoguery going on in the media w.r.t. energy here in the U.S. “Just the facts, ma’am” from Joe Friday is a good mantra IMO. Keith Hennessey had a very nice, comprehensive post about U.S. energy usage, sources, imports. See:

    http://KeithHennessey.com/2012/03/12/nearly-doubling-renewable-energy-generation/

    He is an economist who served on Bush’s CEA, also in the Senate as an economics staffer in the 1990s. He has a graph created by Lawrence Livermore Lab that’s tells you just about everything you’d want to know about it in one picture.

  • Kris

    [email protected]: Are you actually claiming that Iran receives a noticeable portion of Iraq’s oil profits? That would be highly significant news indeed. If only I had a better source than a lone blog comment…

  • Iran is in de facto management of the oil areas of the southeast part of Irak and in the upload of their generate. Iran will not be injuring for some time.

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