In 2008, Pemex expected Cantarell's decline to continue to 2012 and eventually stabilizing at an output level of around.

High international oil prices and rising oil production have led to a very strong economic growth in recent years, but corruption and public-sector mismanagement remain, particularly in the oil sector, which accounts for over 50 percent of GDP, over 90 percent of export revenue, and over 80 percent of government revenue.

Olive and olive oil production is particularly important for the economy of the region.

Bruce gained his early reputation from the production of large-scale commercial anchors for ships and fixed installations such as oil rigs.

One character common to many members of the order is the production of glucosinolate ( mustard oil ) compounds.

The Bahamas has a few notable industrial firms: the Freeport pharmaceutical firm, PFC Bahamas ( formerly Syntex ), which recently streamlined its production and was purchased by the Swiss pharmaceutical firm Roche ; the BORCO oil facility, also in Freeport, which transships oil in the region ; the Commonwealth Brewery in Nassau, which produces Heineken, Guinness, and Kalik beers ; and Bacardi Corp., which distills rum in Nassau for shipment to the U. S. and European markets.

Biotechnology has applications in four major industrial areas, including health care ( medical ), crop production and agriculture, non food ( industrial ) uses of crops and other products ( e. g. biodegradable plastics, vegetable oil, biofuels ), and environmental uses.

Wood, coal and oil are used as fuel for production of energy and space heating.

New exploration is needed to offset declining oil production.

Until at least September 2005, the United States funded efforts to help protect a major pipeline, the 769-kilometer-long Caño Limón – Puerto Coveñas pipeline, which carries about 20 percent of Colombia's oil production to Puerto Coveñas from the guerrilla-infested Arauca region in the eastern Andean foothills and Amazonian jungle.

Mostly concentrated on the continental shelf of the province's Atlantic coast in the vicinity of Sable Island, exploration activities began in the 1960s and resulted in the first commercial production field for oil beginning in the 1980s.

He pointed out that the Saudis decreased their production of oil in 1985 ( it reached a 16-year low ), whereas the peak of oil productionwas reached in 1980.

They increased the production of oil in 1986, reduced it in 1987 with a subsequent increase in 1988, but not to the levels of 1980 when production reached its highest level.

In his book he asked why, if Saudi Arabia had such an effect on Soviet oil prices, did prices not fall in 1980 when the production of oil by Saudi Arabia reached its highest level — three times as much oil as in the mid-eighties — and why did the Saudis wait till 1990 to increase their production, five years after the CIA's supposed intervention?

* PetroChina and Sinopec in Chinese oil production.

Since the late ' 60s, the exploitation of oil increased production and reserves are estimated at 4. 036 million barrels

In July 2008 the price of oil peaked and began to decline and Alberta's economy soon followed suit, with unemployment doubling within a year.

Spindletop became the focus of frenzied drilling ; oil production from the field peaked in 1902 at, but by 1905 production had declined 90 % from the peak.

< imagemap > File: 1970s decade montage. png | From left, clockwise: US President Richard Nixon doing the V for Victory sign after his resignation from office after the Watergate scandal in 1974 ; Refugees aboard a US naval boat after the Fall of Saigon, leading to the end of the Vietnam War in 1975 ; The 1973 oil crisis puts the nation of America in gridlock ; Both the leaders of Israel and Egypt shake hands after the signing of the Camp David Accords in 1978 ; The 1970 Bhola cyclone kills an estimated 500, 000 people in the densely populated Ganges Delta region of East Pakistan in November 1970 ; The Iranian Revolution of 1979 transformed Iran from an autocratic pro-western monarchy to a theocratic Islamist government under the leadership of Ayatollah Ruhollah Khomeini ; The popularity of the disco music genre peaked during the middle to late 1970s .| 420px | thumb

Production of oil in the county began in 1951, and peaked in 1960, when was produced from 397 wells.

While the field peaked in production in the 1950s, Occidental Petroleum continues to extract oil through its Vintage Production subsidiary and remains a significant local employer.

Alaska oil production peaked in 1988.

* 2005: World crude oil probably peaked ; still on an undulating plateau in 2007 ; starts off the ' cliff ' ~ 2010-2012 or before

However, since natural gas production in Alberta peaked in 2001 and has been static ever since, it is likely oil sands requirements will be met by cutting back natural gas exports to the United States.

Conventional production of oil peaked in 2006, and the more we use the faster it will be depleted.

Monthly oil production peaked at 13. 5 × 10 < sup > 6 </ sup > m³ ( 84. 9 million barrels ) in January 1985 although the highest annual production was seen in 1999, with offshore oil production in that year of 407 × 10 < sup > 6 </ sup > m³ ( 398 million barrels ) and had declined to 231 × 10 < sup > 6 </ sup > m³ ( 220 million barrels ) in 2007.

Catching peaked in 1902, when 1, 305 whales were caught to produce 40, 000 barrels of oil.

On February 11, 2006 Deffeyes claimed that world oil production had peaked on December 16, 2005.

While Garden City's population did not experience the spike that other West Texas oil boom towns had seen ( the population peaked at 300 in 1968, many years after the boom had ended ), it did increase the community's commerce, with the number of operating businesses almost doubling from 1947 to 1968.

U. S. oil production peaked in 1970.

Global oil discovery peaked in 1964, and since the early 1980s oil production has outpaced new discoveries.

Alberta produced 81 % of Canada's crude oil in 1991, when Alberta's traditional oil fields peaked ; output is now steadily declining.

* Hubbert peak theory, also known as peak oil – the theory that world oil production will peak ( or has peaked ), and will then rapidly decline, with a corresponding rapid increase in prices.

It peaked in Middlebourne in the 1890s, and an oil refinery operated in St. Marys between 1914 and 1987.

** DONG Cup, a former name of the Danish Cup trophy, sponsored by the oil company from 2000 to 2004

GDP growth is estimated to recover to over 4 % in 2004, due largely to expanded oil exports.

In 2004 it was revealed that the Australian government was willing to offer a subsidy to Southern Pacific Petroleum on the condition that the oil company would take legal action against Greenpeace, which had campaigned against the Stuart Oil Shale Project.

In 2004 Iraq had eight oil refineries, the largest of which were at Baiji, Basra, and Daura.

In late 2004 and early 2005, regular sabotage of plants and pipelines reduced export and domestic distribution of oil, particularly to Baghdad.

In 2004 plans called for increased domestic utilization of natural gas to replace oil and for use in the petrochemical industry.

In 2004, Woodside had agreed to invest $ US 600 million in developing Mauritania's Chinguetti offshore oil project.

The disputed amendments were signed by former oil minister Zeidane Ould Hmeida in February 2004 and March 2005.

* crude oil 54 km ( 2004 )

In 2004 Nigeria had 105 kilometers of pipelines for condensates, 1, 896 kilometers for natural gas, 3, 638 kilometers for oil, and 3, 626 kilometers for refined products.

In 2004 Paraguay signed an energy cooperation agreement with Venezuela to purchase oil and petroleum.

In 2004, over 80 percent of Chinese crude oil imports transited the Straits of Malacca, with less than 2 percent transiting the Straits of Lombok.

In 2004, crude oil represented 22 % of all export earnings.

In December 2004, French oil company Total S. A. decided not to renew their license off Western Sahara, leaving Kerr-McGee as the unique oil company exploring in the Moroccan-occupied part of Western Sahara.

* oil: 393 km ( 2004 )

The Joint Development Authority administering the offshore oil zone itself was rocked by a corruption scandal in 2004.

* Athos 1, a tanker from which spilled 265, 000 gallons of crude oil into the Delaware River in 2004

Kuching and Kolkata were dropped on 31 October 2004 due to the rising oil prices, but at the same time, Sydney was added to the route network.

The 2004 documentary The End of Suburbia: Oil Depletion and the Collapse of the American Dream argues that the depletion of oil will result in the demise of the sprawl-type development.

In May 2004, an oil painting by Villon dated 1913 entitled " L ' Acrobate " and measuring 39 ¼ by 28 ¼ inches sold at Sotheby's for $ 1, 296, 000 ( US dollars ).

* Marvin Davis ( 1925 – 2004 ), oil tycoon and businessman

One of the earliest allegations of wrongdoing in the programme surfaced on 25 January 2004, when al Mada, a daily newspaper in Iraq, published a list of individuals and organizations alleged to have received oil sales contracts via the UN's Oil-for-Food Programme.

Output for the chemicals cluster — which cover oil and gas, petrochemicals and specialty chemicals — totaled S $ 66. 5 billion in 2005, an increase of 31 per cent from 2004.

In December 2004, its core asset, Yuganskneftegaz, was sold in an auction to an unknown company called Baikalfinansgrup, which was later bought by state oil company Rosneft.