Oil to reach $100 by Q4 2010 (average $90 full year ) and $110 by 2011 as OECD oil demand picks up and non OPEC production stagnates. Thus by the end of 2010 there will be very little inventory and OPEC overhang, if any.
http://www.docstoc.com/docs/12194173/Crude
World oil production peaked in July 2008 at 74.82 million barrels/day (mbd)
http://intheendwerealldebt.blogspot.com/2009/11/world-oil-production-peaked-in-july.html
Russian 2010 oil output to fall
http://intheendwerealldebt.blogspot.com/2009/10/russia-2010-oil-output-to-fall.html
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