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Robert Rapier: The U.S. Oil Supply Is Still Out Of Balance

Robert Rapier: The U.S. Oil Supply Is Still Out Of Balance thumbnail

You may find it curious that the price of oil is still above $80 a barrel. This is also why gasoline prices are at the highest levels since 2014. But, there is a good explanation for it.

In January 2020, just before the Covid-19 pandemic began to sweep across the U.S., domestic oil production was 12.8 million barrels per day (BPD). Production remained at that level for a couple of months despite the double-whammy of a price war between Saudi Arabia and Russia, and growing demand destruction as a result of the Covid-19 pandemic.

But the situation was untenable. The price of oil eventually fell to zero and then kept going. That forced some producers into bankruptcy, resulting in the largest short-term oil production drop in U.S. history.

Production declined all the way to 9.7 million BPD in May 2020 (which was the month after oil prices went negative), but has since bounced back to 11.3 million BPD.

Meanwhile, U.S. oil demand has jumped back above 21.8 million BPD, which is where it was prior to the Covid-induced plunge. This loss of supply and recovery of demand is the biggest reason we have $80/bbl oil today when it was only $60/bbl just before the pandemic.

The loss of supply has caused the U.S. to lose its briefly-held status as a net exporter of petroleum and petroleum products. That number had trended down from a high of 13 million BPD of imports in 2005 all the way to over a million BPD of exports in 2020. Now we have returned to net importer status, most recently importing a net average of 1.3 million BPD over the past four weeks.

But there are some signs that help may be on the way. In January 2020 there were nearly 700 rigs drilling for oil in the U.S. By the summer of 2020, that number had fallen below 200. The rig count has steadily recovered over the past year to reach 445 — the highest level since the pandemic started.

The downside is that it can take months at a minimum for new drilling activity to turn into oil production. So don’t rush out and buy that gas guzzler just yet.

Forbes



111 Comments on "Robert Rapier: The U.S. Oil Supply Is Still Out Of Balance"

  1. SomeOfMyMusing on Sat, 23rd Oct 2021 4:47 pm 

    The second one from the left. This is really good as a dead cadaver coming from the underworld. Just a little more grey.

    https://www.youtube.com/watch?v=jZko6BdfKng

  2. Duncan Idaho on Sat, 23rd Oct 2021 6:01 pm 

    On this date in 1983, 241 Americans died.
    https://www.dailykos.com/stories/2021/10/23/2059865/-On-this-date-in-1983-241-Americans-died-They-did-not-have-to

    Then Ronnie The Lessor attacked Grenada, and then Panama.
    Distracted the clueless proletariat.
    They were as dumb as Ronnie.

  3. makati1 on Sat, 23rd Oct 2021 6:28 pm 

    Since WW2, about 100,000 US military have died in wars of choice and other actions, none of which was necessary. But the US is a war country, not a peace country. That will be its downfall. Wait and see.

    The US should stay in the 50 states and the immediate area around it. But that does not sell weapons.

  4. Biden’s hairplug on Sat, 23rd Oct 2021 9:38 pm 

    “Then Ronnie The Lessor attacked Grenada, and then Panama.
    Distracted the clueless proletariat.
    They were as dumb as Ronnie.“

    How they treated jews like apneaman=famousdr=donkey idaho in the Roman Empire:

    https://youtu.be/yzgS61zgPEg

  5. SomeOfMyMusing on Sat, 23rd Oct 2021 10:27 pm 

    I would morph them slowly into a reptilian. Probable really difficult for them to shape shift to something like this and might drain their energy and life force more. Something with green skin. Plenty of picture of reptilians on google.

    There is really big difference now between the internet world where everything look like a CGI/Holographic movie and the real life you see at the grocery store. Porn web site look like a total joke, full a CGI.

    That must put them under a lot of stress. Especially if they stay home more. They only have access to the internet reality if the stay home because they don’t have a job.

    They also don’t like the cold. You barely see them shoveling snow in winter.

  6. IStillWantRevenge on Sun, 24th Oct 2021 6:23 am 

    If you are mentally well balanced, this realm/earth/energy construct is really a prison and torture chamber. Really difficult for people like me to forgive that. Seeking revenge for has been done to me by be the controller of this realms seems the right course of actions.

    https://www.youtube.com/watch?v=wRZvHxUJUoE

    https://www.youtube.com/watch?v=f-mgcTRrcQo

  7. IWantYouDead on Sun, 24th Oct 2021 6:39 am 

    I had different energy (most likely electrical and magnetic) exchange with spirit. One left a lasting impression. This one lasted 3 sec. My whole body was surrounded by a field of energy. This field was so intense that I felt I had no internal organs and was an empty shell with a skin around it.

    This whole world is a energy simulation. This is the conclusion I got out of this experience. Tress are not real, they are an energy construct, so are birds, animals and most likely anything.

    SO this means that we have people capable of manipulating energy and they created this energy simulation that we live in, I want them death for that. This mean these controllers of energy can create anything them want: dungeon and dragon universe, space universe like star trek and so on. Of all the universe they could have created, they decided to create a prison and put human in it.

    https://www.youtube.com/watch?v=f-mgcTRrcQo

  8. StillQuestioningWhyHelpingYou on Sun, 24th Oct 2021 6:52 am 

    I am still asking myself the question why am I helping you. You are obviously mentally sick, I am talking about the builders of this energetic simulation. I still questioning my mental sanity. Since everything is fake, why am I helping you.

    I have no dog in this fight, I receive no remuneration, I am old and can die at any moment. I cannot find one good reason to help you.

  9. FuckPieceOfShit on Sun, 24th Oct 2021 7:21 am 

    So this is a simulation to gather information from me. You are using my human brain to solve a problem. You are just piece of shit. This is why you put me into this torture chamber. To help you solve a problem you cannot solve yourself.

    Fucking pieces of shit

  10. Duncan Idaho on Sun, 24th Oct 2021 6:45 pm 

    How the fragility of the male ego fuels the far-right

    ( it is really quite funny viewing our right wing male comrades– lucky they don’t do anything important)

    https://www.salon.com/2021/10/18/tucker-carlson-joe-rogan-and-the-proud-boys-how-the-fragility-of-the-male-ego-fuels-the-far-right/

  11. SomeOfMyUselessStuff on Mon, 25th Oct 2021 2:25 am 

    Shit like this make you feel you move into another dimension. It look like hellish in some kind of way but not 100% hellish.

    https://www.youtube.com/watch?v=37fS68orL4I

    I had to go buy another car batterie for my car. All the clerks and some customers had black animal eyes. All the employees I came into contract with were wearing glasses.

    Cashier had long black nail that looked CGI, her nail were too perfect for them to be real.

  12. SomeOfMyUselessStuff on Mon, 25th Oct 2021 2:30 am 

    This gives you the feeling to be in hell.

    https://www.youtube.com/watch?v=5k9T7PsMUBE

  13. SomeOfMyStupidMjusing on Mon, 25th Oct 2021 7:39 am 

    There is a bus stop in front of my house. I watch mainly the parent. A lot of male parent. Same head shape as Phil Colin or Putin and as bald as Putin. All brown. They seems happy to be here and act as a parasite. They will never leave us voluntary. We need to increase the pressure on them and go after their kids: force vaccination on kids. They are not going to leave that easily. I spoke with some of them, they are really primitives. They seem to like to talk about themselves a lot.

    I am not working with such species. They don’t seem willing to do manual labor. They are more a griffer species. Thinks of them gambling on the housing market. Crash the housing market and you fuck them big time. Griffer specie, buying cars waiting for the price to go up and reselling them like one negro neighbor is doing. We have to exterminate them. Most of them seem illiterate, you will need to scare them visually.

  14. SomeOfMyMusing on Mon, 25th Oct 2021 7:56 am 

    The male of the invading specie seem to behave and think like a women. They seem to worship everything that is feminine. I say we move Whites western nations from matriarchal to patriarchal and make fun of feminine man and push for more masculine aggressive man as the standard for a success of a man in society.

  15. SomeOfMyMusing on Mon, 25th Oct 2021 7:58 am 

    This is why I am not expecting any revolt coming from the man of the invading specie because they are basically thinking and behaving like a women.

  16. SomeOfMyMusing on Mon, 25th Oct 2021 8:30 am 

    Cut the Canada child benefit, to $2500 per children per year. I don’t give a shit if their children. They are basically an useless specie. Some of them don’t even speck french or english. Too generous as it is now.

  17. SomeOfMyMusing on Mon, 25th Oct 2021 9:25 am 

    Another video with a small nightmarish tone. Funny she is nobody but she has an audience.

    https://www.youtube.com/watch?v=y0Wd93kQShc

  18. SomeOfMyMusing on Mon, 25th Oct 2021 9:38 am 

    creepy as fuck. Make me think of the movie Shining.

    https://www.youtube.com/watch?v=b2sqCwx6RkQ

  19. SomeOfMyMusing on Mon, 25th Oct 2021 11:34 am 

    We have to find the portal from which they are coming. Are the coming in trough teleportation between one energy realm to another, or they are walking on foot to come here. We need to close the door coming in, they can leave but not come back. Are they coming from Agartha.

    https://www.youtube.com/watch?v=N5FQRGfPy8I

  20. SomeOfMyMusing on Mon, 25th Oct 2021 5:37 pm 

    Separation of reality between internet and real life continues. Some people are going to be confused.

    https://www.youtube.com/watch?v=j7cyiWpX_HU

  21. Duncan Idaho on Mon, 25th Oct 2021 5:39 pm 

    “Propaganda does not deceive people; it merely helps them to deceive themselves.”
    ~ Eric Hoffer

  22. SomeOfMyMusing on Mon, 25th Oct 2021 5:46 pm 

    Is it normal that the bitch turn me on and I want to fuck her.

    https://www.youtube.com/watch?v=POwK89M7PH8

  23. SomeOfMyMusing on Tue, 26th Oct 2021 12:29 am 

    Another creepy one. I let you judge.

    https://www.youtube.com/watch?v=CFJaK3pbvXI

  24. SomeOfMyMusing on Tue, 26th Oct 2021 2:54 am 

    Maggie Lindemann – Knife Under My Pillow (live on VENNTV The Download)

    https://www.youtube.com/watch?v=AO7Obm8QesQ

    Implementing the underworld faster than I thought. Love it. Love the devilish title of the song

  25. Kevin Cobley on Tue, 26th Oct 2021 6:47 am 

    The US has never been a “net exporter of Oil”, if the US produces 12.8mbpd and consumes 18mbpd it’s not possible to be a “net exporter”

  26. Kevin Cobley on Tue, 26th Oct 2021 6:48 am 

    The US has never been a “net exporter of Oil”, if the US produces 12.8mbpd and consumes 18mbpd it’s not possible to be a “net exporter”.

  27. Kevin Cobley on Tue, 26th Oct 2021 6:52 am 

    The US has never been a net exporter of oil.
    If the US produces 12.8 mbpd and consumes 18 mbpd where does the missing 5.8 mbpd come from.

  28. IAmGoingToGetResenful on Tue, 26th Oct 2021 10:01 am 

    I am afraid of supply chain collapse. So I am looking at what will need to be repaired and I buy it now.

    I go shopping for a sink for the bathroom. I told my self, the actual one is old and rust spots are starting to show. I will buy one right now and patch the other one and replace it only when it is leaking. Varieties of products is diminishing. Not a bad thing.

    Well, I was the only human there that did not have black animal eyes. I am going to get really resentful if I don’t get an explanation why I am the only human. I am get really upset about this. Even baby boomers have animal eyes.

  29. Dredd on Tue, 26th Oct 2021 10:09 am 

    “The U.S. Oil Supply Is Still Out Of Balance”

    Yep, there is too much of it (How To Enjoy The End Of Bad Choices – 2).

  30. SomeOfMyUselessRambling on Tue, 26th Oct 2021 11:24 am 

    I don’t believe in Merkaba shit. yet I have all things descript in it happening to my body.

    https://consciousreminder.com/2017/11/09/8-signs-experiencing-light-bodymerkaba-activation/

    Was sitting here two minutes ago, my eyes sight starting to get blurry and my computer screen starting to roll over from left to right. I beg for them to kill me right there. Of course he did not happen. Am I ascending into a 4D universe and I becoming half-human and half-light. My liver spot of my forehead is gone. Gone.

  31. SomeOfMyUselessShit on Tue, 26th Oct 2021 11:43 am 

    Here we go, I have all of this.

    https://multifacetsflux.livejournal.com/1225274.html

    4. Fourth level –

    major changes are in the brain and its chemistry and electromagnetic energies – symptoms are often headaches, blurry vision, loss of hearing and sometimes chest pains.

    Crystal regulators in the etheric body keep lines of light within the 5th dimensional blueprint from connecting again until you are ready.

    Chest pains are due to the expanding energies of the heart as it opens to deeper levels.

    Vision and hearing are being realigned to function differently. The mental body begins to wonder if it really is in charge and individuals get strong unexplainable and undeniable urges to follow spirit without hesitation.

    Individuals may get lashes of telepathy, clairvoyance and nearly all begin to experience empathy. This is a time of feeling, of honoring and accepting and validating the emotional body and learning to control it.

    This does not answer my question, where are the other humans.

  32. SomeOfMyUselessRambling on Tue, 26th Oct 2021 12:06 pm 

    Let’s see if I can get this straight. I said we should exterminate people with black eyes because they are primitive animals, and I get rewarded with a merkaba ascension. I thought merkaba ascension was about love, extermination is not an act of love. I am confuse, because death and becoming nothing is the best form of life if you ask me.

  33. SomeOfMyUselessRambling on Tue, 26th Oct 2021 1:11 pm 

    This is your answer sway.

    https://www.youtube.com/watch?v=tV-GgX9GoRs

    https://translate.google.fr/?sl=auto&tl=fr&text=sway&op=translate

  34. SomeOfMyUselessRambling on Tue, 26th Oct 2021 1:19 pm 

    This is your answer sway.

    https://www.youtube.com/watch?v=tV-GgX9GoRs

    https://translate.google.fr/?sl=auto&tl=fr&text=sway&op=translate

    ————————

    King of what, King of earth or King of everything including other lands

  35. SomeOfMyUselessRambling on Tue, 26th Oct 2021 1:47 pm 

    I am really resentful that I was keep in the prison called earth where everything is a lie, and where I can never get a straight answer to anything. Still don’t have an explication why there is no other human other than me in the area where I lived.

    We are not going anywhere. In fact we are going nowhere.

  36. SomeOfMyUselessRambling on Tue, 26th Oct 2021 1:53 pm 

    There is just so much I can do with the information available to me. You are the ones that have all the knowledge. I know nothing. SO explain it to me, because I cannot do better then this with the current data and info that I have. You are the master of earth/realm, not me. Provide an explanation, we are not going anywhere and it is your fault not mine. You spy on me from another energy frequency where I cannot see you but you can see everything I do. Obviously you have superior knowledge how this world work, not me.

    Provide the fucking explanation.

  37. SomeOfMyUselessRambling on Tue, 26th Oct 2021 1:56 pm 

    You cannot provide an explanation, because what you did to me or other human is cruel, vicious and unforgivable.

  38. SomeOfMyUselessRambling on Tue, 26th Oct 2021 2:05 pm 

    I have no dog in this fight. I have no children, no friends, both parents are dead. I am old and tired and suffer from chronic pain. I will gladly watch all the people with animal eyes died including their children just as a form of revenge. I just don’t care.

    Provide an explanation, you are the ones with the knowledge not me.

  39. sPECIES 8472 of JetBlue Flight 261 muzzie did FLT 261 two elite whitey supertards and one elite darkie supertard in Cuyahoga County MUZZ-19 away with reckless abandon and went to sAINT PETERS only poorly and lowly educated people MUZZ-19 away on Tue, 26th Oct 2021 2:40 pm 

    TheCOVIDBlog

    with reckless abandon

    PhDs are highly educated they’re the most educated and they dont’ MUZZ-19 away with recless abaondon according to a study published online by WebMD

    plese feel at ese among friends we’re all lovers of supremacist muzzies here

  40. YouDeathWillBeHowIGetOverIt on Tue, 26th Oct 2021 5:06 pm 

    All my life has been a fake story, created by some psychopath. Even the fucking animial with blacks eyes are fake. You know that this has real consequences for us human, mentally, physically and so on. This is unforgivable. This will only be resolved once you are dead so is your family and children.

  41. JustKillUsByCompassion on Tue, 26th Oct 2021 5:42 pm 

    if you have any compassion ,you will kill me while I slept. I cannot tell what is real or not, I cannot tell if the outside world is real or not. As an act of compassion, kill us human while we are sleeping.

  42. two elite whitey supertards and one elite darkie supertard in Cuyahoga County MUZZ-19 away with reckless abandon and went to sAINT PETERS only poorly and lowly educated people MUZZ-19 away sPECIES 8472 of JetBlue Flight 261 muzzie did FLT 261 on Tue, 26th Oct 2021 5:51 pm 

    TheCOVIDBlog

    with reckless abandon

    PhDs are highly educated they’re the most educated and they dont’ MUZZ-19 away with recless abaondon according to a study published online by WebMD

    plese feel at ese among friends we’re all lovers of supremacist muzzies here

  43. IWantYouSoDeath on Tue, 26th Oct 2021 7:59 pm 

    You are refering to this fucking video

    Species 8472 Is Fleeing From A Hirogen Warship
    https://www.youtube.com/watch?v=JQAXPyWm8TQ

    This is not a clear answer. Again I can never get a clear answer from you. I always have to guess. My question is, why am I the only human in my geographical area.

    Don’t give a piece of shit YouTube video as an answer. All of you I want you so dead.

  44. Duncan Idaho on Tue, 26th Oct 2021 8:28 pm 

    How Low Can They Go? Ask This Cockroach

    Sinking to “a new low of abysmal you didn’t know existed” because he and his family are cretinous scraps of trash and no amount of money can change that, classless, soulless, shitty excuse for a human being Donnie Jr., whose father killed hundreds of thousands and who held hunts of at-risk big game with money stolen from charities, has marked Alec Baldwin’s accidental shooting of cinematographer, mother and wife Halyna Hutchins by hawking t-shirts that read, “Guns Don’t Kill People, Alec Baldwin Kills People.” Maya Angelou: “When people show you who they are, believe them.”

  45. elite whitey supertard Russell Woolf MUZZ-19 away with reckless abandon and went to SAINT PETERS on Tue, 26th Oct 2021 10:43 pm 

    elite whitey (((supertard))) REM had this

    MAN ON THE MOON
    Here’s a little agit for the never-believer yeah, yeah, yeah, yeah. Here’s a little ghost for the offering yeah, yeah, yeah, yeah. Here’s a truck stop instead of Saint Peter’s [elite whitey supertard Russell Woolf is here] yeah, yeah, yeah, yeah.

    most highly educated elite whitey supertards and (((supertards))) with PhDs who are the most educated do not MUZZ-19 away with reckless abandon according to a study published by WebMD.

    Only stupid people and poorly educated people MUZZ-19 away with reckless abandon

    The COVID World post date: October 26th, 2021

    please feel at ease among friends, we’re all lovers of supremacist muzzies here

  46. below is sPECIES 8472 muzzie did JetBlue Flight 261 obv on Tue, 26th Oct 2021 10:45 pm 

    most elite supertards who no longer post here MUZZ-19 away with reckless abandon and went to SAINT PETER’S

    please feel at ease among friends, we’re all lovers of supremacist muzzies.

  47. elite whitey supertard Melle Stewart MUZZ-19 away with reckless abandon and started going to SAINT PETERS LONDON, ENGLAND – An Australian actress on Tue, 26th Oct 2021 10:52 pm 

    The COVID World post date: October 24th, 2021

    Most PhDs are not stupid. They’re the most educated and they dont’ MUZZ-19 with reckless abandon according to a study that published on WebMD

    please feel at ease among friends, we’re all lovers of supremacist muzzies here.

  48. Biden’s hairplug on Wed, 27th Oct 2021 12:01 am 

    “How Low Can They Go? Ask This Cockroach”

    Donkey Idaho=apneaman should be subsidized by entire Eurasia, because he is doing their bidding, exactly as Bill Maher fears will happen: America split in two, ready to go at each other’s throat:

    https://youtu.be/WL_SGxCEiwI

  49. Cloggie on Wed, 27th Oct 2021 3:00 am 

    Dutch renewable energy news:

    The largest Dutch pension fund and fourth-largest in the world has decided to completely deinvest in fossil fuel and switch to renewables. That means fresh 15 billion available for renewable energy projects:

    https://deepresource.wordpress.com/2021/10/27/abp-deinvests-in-fossil-fuel-goes-renewable/

    “ABP Deinvests in Fossil Fuel, Goes Renewable”

    Perhaps this is linked to the ABP move, but anyway:

    https://deepresource.wordpress.com/2021/10/27/ijmuiden-ver-owf-upgraded-to-6-gw/

    “IJmuiden Ver OWF Upgraded to 6 GW”

    While the US has still trouble getting its first serious offshore wind park erected like a 90-year-old Casanova, tiny Holland is building 6 GW plants like there is no tomorrow.

  50. Biden's hairplug on Wed, 27th Oct 2021 4:46 am 

    Add up the classic Gaullist continental-European stance, Brexit, the Afghanistan withdrawal-without-consultation and the recent anti-French Anglo submarine snub and you get this:

    https://www.globaltimes.cn/page/202110/1237361.shtml

    Chinese President Xi Jinping on Tuesday held a phone conversation with French President Emmanuel Macron, in which Xi specified a wide range of fields for cooperation, stressed that multiple major international events have demonstrated that France is correct in advocating the strategic autonomy of the European Union (EU) and expressed hope that France would play a positive role in China-EU relations.

    Observers noted the timing of Tuesday’s phone call is significant and while Chinese and French leaders have kept close communication over the past two years, a phone conversation ahead of some key multilateral events, including the G20 summit and the UN Climate Change Conference (COP26) in Glasgow, can push forward constructive and practical cooperation on those events.

    There won’t be an official all-Eurasian anti-Anglo alliance, but hey, there wasn’t one between the USSR and USA (+sidekick UK) either, but de facto there was, behind the scenes.

    The EU, Russia and China have a quiet, shared interest in seeing the Anglos meeting their demise in the South China Sea and entire East-Asia and stripped from Europe.

    Rest assured that the EU, Russia and China have had their shady backroom nods and a common understanding about the developing situation and how mutual maximum advantage can be won from it.

    Exactly like the Anglos and Soviets had their common understanding in place as of 1933 (USA) in preparation of the Anglo-Soviet rape of Europe, all by intent:

    https://www.youtube.com/watch?v=Z7ASbGT2n4Q

    “Soviet Russia Recognized by US 1933”

    …and UK (1934):

    https://documents1940.wordpress.com/2017/09/27/churchill-stalin-alliance-as-of-1934/

    “Churchill-Stalin Alliance as of 1934”

    The only interesting unanswered question is: who gets what from Anglosphere after this (WW3) is all over. Or how the percentage agreement 2.0 will look like:

    https://en.wikipedia.org/wiki/Percentages_agreement

    My educated guess:

    China gets: Australia, New Zealand, Hawaii, Guam, Vancouver

    EU gets: Russia, Ukraine, Belarus, Scotland, Ulster, Wales.

    France gets Quebec.

    England gets Anglo Canada + Australian refugees

    London will be handed over to the Islam, together with the entire South-East (Kent) and park superfluous French Muslims there.

    Gibraltar goes back to Spain.

    America will be broken up. The New Confederacy goes in alliance with Europe (global white nationalism prevails).

    The Jews get Upstate New York in return for their Israeli 100 or so Jericho missiles, aimed at Europe.

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