Production(blue) is really lagging behind consumption (green), and this is with very small per capita consumption.
http://translate.google.de/translate?hl=de&sl=auto&tl=en&u=http%3A%2F%2Fwww.peak-oil.com%2F2013%2F08%2Findien-wirtschaftskrise-durch-oelabhaengigkeit%2F
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