Monday, June 25, 2012

Iran May be Fibbing About Their Oil Production

I'll probably be getting a fatwah from the weirdbeard for linking to this.
From Early Warning:

(click to enlarge)
Two data points are available for Iran in May: what the Iranian's themselves say (gold curve above), and "Opec secondary sources" (blue).  The Iranian's themselves have been claiming lately that their production is increasing slightly on an exactly linear trajectory.  The probably isn't true; everyone else claims their production has been falling quickly.  The actual level of production is widely uncertain between sources.  In any case, the OPEC secondary sources say production continued to fall in May....MORE