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Commodities trader Raymond Learsy, author of ''Over a Barrel: Breaking the Middle East Oil Cartel'', contends that OPEC has trained consumers to believe that oil is a much more finite resource than it is. To back his argument, he points to past false alarms and apparent collaboration.<ref name=nationalreview122003 /> He also believes that peak oil analysts have conspired with OPEC and the oil companies to create a "fabricated drama of peak oil" to drive up oil prices and [[profit (accounting)|profits]]; oil had risen to a little over $30/barrel at that time. A counter-argument was given in the Huffington Post after he and Steve Andrews, co-founder of ASPO, debated on CNBC in June 2007.<ref>{{cite web |url=http://www.evworld.com/news.cfm?newsid=15568 |title=Rejecting the Real 'Snake Oil' |work=Huffington Post |date=29 June 2007 |access-date=9 July 2007 |archive-url=https://web.archive.org/web/20080324052901/http://www.evworld.com/news.cfm?newsid=15568 |archive-date=24 March 2008 |url-status=dead }}</ref>
OPEC's oil output increased in August 2023, due to a surge in Iranian supply, reaching its highest level since 2018, despite ongoing production cuts by Saudi Arabia and OPEC+ members. The rise, attributed to Iran's exemption from OPEC cuts and its ability to evade U.S. sanctions, poses a challenge for market management.<ref>{{Cite news |last= Lawler |first= Alex |date=2023-08-31 |title= OPEC oil output rises in August as Iran hits 2018 high, Reuters survey finds|language=en |work=Reuters |url= https://www.reuters.com/business/energy/opec-oil-output-rises-august-iran-hits-2018-high-reuters-survey-2023-08-31/ |access-date=2023-09-03}}</ref>
=== Production figures post 2000 ===
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