Understanding the Decline of global Oil exports

In this study, we use indicators such as the exports-to-production ratio, and the
difference between the growth rate of oil exports and the growth rate of oil
production, to characterize the dynamics that lead to a decline of oil exports. Many
countries have passed their peak of oil exports, and the world as well, in 2005. The
indicators presented here show that the deterioration of the fundamentals is a long
term dynamics, thus meaning that global oil export will likely continue declining,
though temporary rebounds can occur. These evolutions are then related to recent
events such as the Arab Spring, the rise of oil prices on international markets, and
the current economic crises. The peaking of world oil exports is a recent and
significant turning point, though still largely ignored, but its implications for both oilimporting
and oil-exporting countries are vast.