Study Shows Ethanol Production, Corn Demand Will Grow With or Without Subsidy and Tariff
Allowing the ethanol blender credit and tariff to expire may not have the adverse effect some U.S. ethanol producers believe, according to a new report from the Center for Agricultural and Rural Development.

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Peak Oil theory predicts growth in crude oil production, a peak in production represented by a plateau and then a decline in production. The world entered the peak oil production plateu in May 2005 and and appears to have exited after peaking again in August 2009. Zarathustra examines a chart found at The Oil Drum. If growth had occured as might have been expected from previous decades, world crude oil production would be about 87 Mbpd. The production plateau was at about 73 Mbpd. Production is now under 71 Mbpd. Are we past peak? Only time will tell! www.theoildrum.com

A review of world crude oil production from a chart posted on The Oil Drum – Oil Watch Monthly April 2010. Where are we on the peak oil curve? It appears that we are in a production plateau that begain in mid-2004. Demand was destroyed by the high oil prices of late 2008 and has since recovered, although at a higher price than it was in earlier stages of the plateau. europe.theoildrum.com

Oil Rises Most in Two Weeks on Concern Storm May Disrupt Output
Crude oil rose the most in two weeks in New York on concern the first tropical storm of the hurricane season may form and disrupt production in the Gulf of Mexico. The gain accelerated as the dollar weakened against the euro.

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KOC plans to produce 270,000 bpd of heavy crude oil by 2020
26 April 2010 KUWAIT — Chairman of the Board and Managing Director of Kuwait Oil Company Kuwait Oil Company ( KOC KOC ) Sami Al-Rushaid announced here Monday that the company was planning to increase the production of heavy crude oil to 270,000 barrel per day by 2020, keeping up such production till 2030.

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