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Page added on July 5, 2017

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American production struggling to tolerate below $50 price

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The Oil production in America seems to be having a ‘Deja-vu’. Back in 2015, despite a drop in the price of oil, the production in the United States was rising and it wasn’t until the very end of June that year the production started declining. The oil price dipped below $50 per barrel for the first time since the ‘Great Recession’ in January and once again in March, before bouncing back above $60 per barrel. After that, oil started steady decline and production in the United States started faltering. The production declined from 9.6 million barrels per day in June 2015 to 8.43 million barrels per day in July 2016.

The production started recovering in the United States only after the price of oil jumped above $50 per barrel in June 2016 and started consolidating around. The increased price, thanks to the OPEC/N-OPEC deal that reduced global supply by 1.76 million barrels per day, pushed the production from 8.43 million barrels per day to 9.35 million barrels per day by mid-June this year.

However, the production has once again started to decline as the price of oil declined for five consecutive weeks after the OPEC and participating N-OPEC countries extended the production agreement for nine months until March 2018. The price (WTI) declined to as low as $42 per barrel. Since its peak in Mid-June, the production has declined 100,000 barrels per day.

While there are numbers of factors such as operating rigs, the efficiency of rigs, etc. it seems that the oil production in the United States is struggling to grow if price declines below $50 per barrel.

EconoTimes



5 Comments on "American production struggling to tolerate below $50 price"

  1. MASTERMIND on Wed, 5th Jul 2017 11:00 am 

    Simple really….when the World Economy Collapses everything shuts down…the end….were
    talking about grids down all over the world and 7.5B people dropping like f*** flies in
    short order…The collapse will be absolutely horrible..There is no collapse or horror movie ever produced that has even come close to imagining what the collapse of BAU might look like. I’m talking about every corporation and every social program going bankrupt at once.I’m talking about people eating people. I’m talking about the Worst Catastrophe to ever happen in the history of mankind. Nothing has ever, or will ever come close. We are the Arctic Reindeer on St Matthews Island, we are Easter Island, we are
    the mice in Calhoun’s Utopia.(Meadows 1972) (Ehrlich 2013) (Motesharrei 2012)
    (Jefferson 2015)(Chapman,I 2013)
    (Ritchie 2017) (Korowicz 2012)
    (Tainter 1990)

  2. Sissyfuss on Wed, 5th Jul 2017 11:59 am 

    Oil price dropping as we speak. When does the Plantaglut crowing start?

  3. ALCIADA-MOLE on Wed, 5th Jul 2017 1:56 pm 

    @mast, agree that there’ll be chaos and war. Question is who against who? Do you agree that the examples you cited are examples of female dominance in the natural world? A lot of alternative propagandists are in that camp when it comes to animal behavior. But their aims are for the toxic masculinity to reign, or BAU.

    Oil allowed us to pacify masculinity or outright kill. The situation can be out of control quickly and this gets a lot of people fearful. Let’s take this crisis as an opportunity and kill the toxic aggression in males.

    First we need to make an app/a killer app that allows us to track all alt propagandist preachers. Think again if you’re thinking only religions have preachers. Look carefully and see a preacher in mollyneux and the like. The modern preachers are out for shekles and they can’t stop themselves. They can not stop. It’s up to us to stop them.

    They’re anti-women but ironically aren’t pro Islam. Both are anti women.

    Track all the preachers and when the time come, kill. Let it sit for 10 years when there are no more anti-women preachers and start killing the extremist tards.

    The jews need to open up their wallets and fun the alt propagandists. We need them to proliferate and actually get their adherents start physical wars.

    @ap, when I say jews I don’t mean any tard so I didn’t have you as a “jew” so relax.

    There is no question the alt propandists are subversives aiming to destroy political process because tehy don’t believe in it. But let’s just forget intent and the court and do this by making it self evident. We do this by making it easy for them to attack and make gains.

    One needs to think about women’s needs. In this era of super computers and you tards tell me you can’t come up with a weapon that’s 50% lighter, pink, and 50% more powerful than existing weapons? with 20% extra capacity (for anti-rape rounds that’s super lethal at less than 25ft).

    Yes and just think if women are assigned to defend an area and the tards think they’re going to have fun. Wouldn’t that be a motivating factors for these women to fight to the death? Yes, warfare is strange and we need to use women’s weakness to our advantage.

    For every situation, immediately demand a surrender and commanding officers would be shot. The rest of the men get sex or go home to work in weapon factories and must sign a statement to abandon aggression or to scoop poop. Wars don’t have to be messy or hard work.

    Guys, this world is too violent thanks to toxic masculinity. Don’t you think there will come a time when our mothers get mad?

    Where is God? I think he’s busy f*king goddess or his angels. He’s just like the majority of them. This is why He will do his usual things of creating natural disasters for fun and we will do our job in alleviating poverty for women. He does His job, we do ours.

    https://www.youtube.com/watch?v=tPHHcJHqXOc [Dalit are fighting back]

    Promotions for women will be a lifetime shopping gift cards. This will be a no brainer if resources in Siberia is available for exploit.

    http://www.lazerhorse.org/wp-content/uploads/2015/11/The-Mother-Land-Statue-Volgograd-from-above.jpg

    Russia is now killing off people who shot down the passenger plane. But there’ll be no word from alt propandists, none.

    https://www.youtube.com/watch?v=hJcx6yZDzBI Now look trough all the videos and notice the complexity of clothing. This thing about fashion never ceases to amaze me. Such a complex kind of human can certainly do well with the art of killing.

    Of course the marketing tards will figure out how to make it fashionable. If taylor Swift doesn’t promote killing then there are thousands other celebs will do it.

    Demand an end to toxic masculinity and eventually kill it.

  4. ALCIADA-MOLE on Wed, 5th Jul 2017 2:06 pm 

    more muslim, more outsourcing, more equality, more of everything. This is one way to motivate the alt preachers.

    destroy the integisentia of the toxic masculinity such as katyn and pol pot style or Hue or Mao’s million flowers thingie

  5. Sissyfuss on Wed, 5th Jul 2017 9:43 pm 

    Don’t call them women, Acidosis Moleeocis. A fellow I worked with years ago said their proper title is split tails. Just tryin to be helpful.

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