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The Energy Crisis Just a Bit Delayed, 23 October 2009

Eighty-five million barrels a day.  That’s the most that can be produced. So when recession causes a temporary decrease in world consumption, it can seem like those 85 million barrels are enough. But consumption is bound to resume its upward climb, while those 85 million barrels a day are all we get. The day of reckoning has just been delayed for a little bit.  “Can’t we get more than 85 million barrels?”