In June, diesel exports reached a record high of nearly 20 million barrels, or more than 20% of the average U.S. monthly diesel fuel consumption--97.6 million barrels per month in 2006.

FORBES: America's Oil Export Problem (Yes, Export)

Considine examines a scenario in which the world experiences a 5 million barrel per day loss of non-Saudi crude and responds with an SPR release of 90 million barrels per month for the first three months, 60 million barrels per month for the next two months, and 30 million barrels during the sixth month.

FORBES: Should We Use The Strategic Petroleum Reserve?

The Cantarell field in Mexico, which produced 2.1 million barrels per day in 2003, produced just 400, 000 barrels last month, a staggering decline of more than 80% in just nine years.

FORBES: $40 Oil In The Next 12 Months? Sorry Porter Stansberry, But I Don't Think So

Production in the kingdom rose nearly 4% last month, to 9.7 million barrels per day.

FORBES: Spare Capacity Dwindles, Alaska Looks Better

In the Permian SM recently commenced production on two wells drilled into the Mississipian Lime formation that averaged 540 barrels per day, with 85% oil, over the first month online.

FORBES: Why Oil And Gas Driller SM Energy Is 'Compellingly Oversold'

In October OPEC cut its 2011 global demand forecast for the fourth consecutive month, this time by 180, 000 barrels to 87.8 million per day.

FORBES: Crude Awakening

The International Energy Agency said in a report last week that oil consumption will climb to 84.3 million barrels per day (bpd) this year--330, 000 barrels more than it forecast last month--citing stronger-than-expected economic growth in China.

FORBES: Energy Stocks For An Ugly Market