tita wrote:
US oil production reached 10'038 thousands barrels per day in november, according to the latest eia monthly report. It is just short of 6 thousands barrels per day from the peak of november 1970, 10'044 Mbbls/d
Yeah... quite a surprise!
Plantagenet wrote:tita wrote:
US oil production reached 10'038 thousands barrels per day in november, according to the latest eia monthly report. It is just short of 6 thousands barrels per day from the peak of november 1970, 10'044 Mbbls/d
Yeah... quite a surprise!
Impressive. The US should definitely crack M. King Hubbert's old 1970 peak this quarter...its probably hitting a new high even as we post.
Armageddon wrote:So the US is consuming 19.69 MBPD and producing 10 MBPD?
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
AdamB wrote:Armageddon wrote:So the US is consuming 19.69 MBPD and producing 10 MBPD?
No. Your consumption number is wrong. It appears to be off by millions of barrels a day, if only because of rising US exports of refined products, hence, we aren't consuming them, but using them to manufacture petrochemical stuff for others.
5.6 million barrels a day of exports, according to this reference, from a couple days ago
Armageddon wrote:AdamB wrote:Armageddon wrote:So the US is consuming 19.69 MBPD and producing 10 MBPD?
No. Your consumption number is wrong. It appears to be off by millions of barrels a day, if only because of rising US exports of refined products, hence, we aren't consuming them, but using them to manufacture petrochemical stuff for others.
5.6 million barrels a day of exports, according to this reference, from a couple days ago
So we are basically consuming 14 MBPD and producing 10?
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