Oil Production at Cantarell Declines 25% in 2006

The largest oil field in Mexico has declined at a much faster rate than most predicted just a year ago.

http://www.greencarcongress.com/2007/01/oil_production_.html

What effect will this have on total world production and the timing of world peak oil? According to Matthew Simmons the result could be profound. Others are not so sure.

http://www.theoildrum.com/node/2239

So what do you think. Are we there yet?

Sam Schmidt's picture

Cantarell and Simmons

That this is not major news in the traditional media seems incredible. It not only makes very plausible that we are at the peak now, but also make me wonder what going down the slope of the curve may be like. The interview with Matthew Simmons, author of "Twilight in the Desert - the coming Saudi Oil shock" is over five minutes and very informative.