Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)

Donate Bitcoin



Donate Paypal

Page added on December 12, 2018

Bookmark and Share

US to ‘end 2018 as world’s top oil producer’

US to ‘end 2018 as world’s top oil producer’ thumbnail

U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end 2018 as the world’s top producer.

Output this year was forecast to rise 1.53 million bpd to 10.88 million bpd, down from the EIA’s previous estimate of an increase of 1.55 million bpd. The current all-time U.S. annual output peak was in 1970 at 9.6 million bpd, according to federal energy data.

For 2019, U.S. crude oil production was expected to average 12.06 million bpd, the EIA said, up 1.18 million bpd from the prior year which is a small upward revision from the previous forecast of a 1.16-million bpd rise.

A shale revolution has helped the United States produce a record amount of oil this year and topple Russia and Saudi Arabia as the world’s biggest producer.

“The United States will conclude 2018 as the world’s largest producer of crude oil,” said EIA Administrator Dr. Linda Capuano.

“EIA’s December short-term outlook largely attributes the recent decline in Brent crude oil spot prices, which averaged $65 per barrel in November, to record production among the world’s largest crude oil producers and concerns about weaker global oil demand.”

Oil prices have crashed more than 30 percent from their near four-year highs in early October as worries about a glut gripped the market. [O/R]

In 2019, oil demand is estimated to rise by 330,000 bpd to 20.81 million bpd, up from its previous estimate of a rise of 220,000 bpd.

For 2018, U.S. oil demand is expected to rise by 520,000 bpd to 20.48 million bpd, EIA said, slightly raising its previous forecast of a 510,000 bpd rise to 20.47 million bpd.

reuters



113 Comments on "US to ‘end 2018 as world’s top oil producer’"

  1. More Davy socks and identity theft on Thu, 13th Dec 2018 12:47 pm 

    This is JuanP on Thu, 13th Dec 2018 5:43 am
    JuanP identity theft on Thu, 13th Dec 2018 5:44 am
    This is JuanP on Thu, 13th Dec 2018 5:45 am

  2. Davy on Thu, 13th Dec 2018 12:52 pm 

    hi, juanp, why don’t you say something? You just drop in here and shit. When is the last time you said anything?

  3. Davy on Thu, 13th Dec 2018 1:21 pm 

    “hi, juanp, why don’t you say something? You just drop in here and shit.”

    Another valiant attempt by me to break the cycle that I myself started six years ago.

  4. JuanP on Fri, 15th May 2015 11:21 am on Thu, 13th Dec 2018 6:53 pm 

    I did therapy for over a decade and most of it was a waste, but I had one therapist for a year who understood my issues and that helped, though I am still thoroughly screwed up.

  5. BillT on Thu, 13th Dec 2018 6:58 pm 

    Sorry again. I’m so angry that I hit enter by mistake. I really need to get my shit under control.

  6. Davy Indentity Theft on Thu, 13th Dec 2018 6:59 pm 

    JuanP on Thu, 13th Dec 2018 6:53 pm
    BillT on Thu, 13th Dec 2018 6:58 pm

  7. This is BillT on Thu, 13th Dec 2018 7:01 pm 

    Davy Indentity Theft on Thu, 13th Dec 2018 6:59 pm

    JuanP on Thu, 13th Dec 2018 6:53 pm
    BillT on Thu, 13th Dec 2018 6:58 pm

  8. Davy sock on Thu, 13th Dec 2018 7:04 pm 

    This is BillT on Thu, 13th Dec 2018 7:01 pm

  9. JuanP on Thu, 13th Dec 2018 7:05 pm 

    OK, Davy, I take credit for fucking with you. I will fuck with you for as long as I can; I enjoy doing it. ROFLMFAO! Come on, Exceptionalist, grow a pair and take it like a man. It is time you fought some real battles and stopped hiding behind your murdering, criminal, terrorist government. Go take back the streets of St. Louis! LOL! You are such a sad fuck, Exceptionalist! Not even your children love you!

  10. Davy on Thu, 13th Dec 2018 7:06 pm 

    WEEE! This is so much fun I’m squealing like a widdle girl!

  11. Davy Indentity Theft on Thu, 13th Dec 2018 7:06 pm 

    JuanP on Thu, 13th Dec 2018 7:05 pm

  12. JuanP on Thu, 13th Dec 2018 7:12 pm 

    I, personally, consider myself a deeply flawed individual, and worse than most on average.”

  13. Davy Intentity Theft on Thu, 13th Dec 2018 7:18 pm 

    JuanP on Thu, 13th Dec 2018 7:12 pm

  14. makati1 on Thu, 13th Dec 2018 7:32 pm 

    JuanP, you are dealing with an insane person. Davy proves it everyday in his attempts to put down those who are intelligent and sane. Why he has not been committed to a mental hospital is only because he is apparently hiding out in the mountains of Missouri and is likely surrounded by more like himself. America is becoming an insane country, not only the phobic officials but now even the serfs. It is fast being isolated by the rest of the world. So be it. Well deserved.

  15. Davy on Thu, 13th Dec 2018 7:36 pm 

    I AM NOT INSANE!

    DUMBASSES!

  16. I AM THE MOB on Thu, 13th Dec 2018 7:57 pm 

    Mak

    America donate more to world charities than any other country..And we protect with our military all of the worlds shipping lanes..

    You just America because your wife left you and your family hates you..You are the one who is isolated..Just a deluded old senile man who’s life is ending soon, so he wants to see the whole world go down with him..

  17. Anonymouse on Thu, 13th Dec 2018 8:29 pm 

    See mak, according to I AM THE DAVYTURD, amerika donates ‘more’ to undefined ‘world charities’ than anyone else, supposedly. And is the world’s policeman too! Fuck yea!

    Oh, and apparently, your family hates you as well, in case you didn’t know. How delusional davy would know whether this is remotely true or not, is not something anyone needs to worry about though.

    Sock Puppeting for Morons (see the exceptionalturd for details).

  18. makati1 on Thu, 13th Dec 2018 8:36 pm 

    MOB, you are repeating the same propaganda bullshit you told us a long time ago. Prove your assertion with reputable sources.

    Again, you resort to putdowns because you know you live in a dying country and are jealous of anyone who is smart enough to leave and live in a better place.

  19. makati1 on Thu, 13th Dec 2018 8:39 pm 

    Anon, Davy pretends to know a a lot of things but doesn’t realize that they are all just his fantasies and delusions. He is frustrated that he cannot reach out and hit those he disagrees with here. That is why I give him a short life span after the SHTF when he will have to deal with his neighbors.

  20. makati1 on Thu, 13th Dec 2018 8:43 pm 

    BTW MOB, NGO’s are NOT charities. They ALL have political agendas. Usually to overthrow the legitimate government. Or like Bill Gate’s genocidal vaccine programs. Or George Soros’ color revolutions.

  21. Makati1 on Thu, 13th Dec 2018 11:47 pm 

    Juan, quit destroying this site. It is horrible what you are doing

  22. Anonymouse on Thu, 13th Dec 2018 11:50 pm 

    I agree mak this is ridiculous what is going on even for me and I am one of the biggest offenders on this forum.

  23. makati1 on Fri, 14th Dec 2018 12:16 am 

    “Juan, quit destroying this site. It is horrible what you are doing”

    Davy, I never accused JuanP of doing such. You do.

  24. makati1 on Fri, 14th Dec 2018 12:19 am 

    “Today the zone threatens Alabama, Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. That’s a different set of faults than Wednesday’s quake in the East Tennessee Seismic Zone.”

    “”The big thing we prepare for is with New Madrid,” Bobel said. “Depending on the significance of an earthquake, Memphis, Tennessee, would be gone; St. Louis would be wrecked.””

    https://www.zerohedge.com/news/2018-12-13/move-over-california-next-big-earthquake-could-be-coming-midwest-south

    Shakin’ in Amerika! LOL

  25. JuanP on Fri, 14th Dec 2018 12:27 am 

    Mak, quit spamming Zero Hedge articles you idiot

  26. JuanP on Fri, 14th Dec 2018 12:28 am 

    “Shakin’ in Amerika! LOL”

    What a stupid phase for a serious situation. You should be ashamed of yourself.

  27. makati1 on Fri, 14th Dec 2018 2:42 am 

    Children, grow up.

  28. Cloggie on Fri, 14th Dec 2018 3:19 am 

    Children of 40+ are destined to remain children for the rest of their lives.

  29. makati1 on Fri, 14th Dec 2018 4:02 am 

    So true, Cloggie. We have several on this site ruining it for all of us.

  30. Davy on Fri, 14th Dec 2018 5:25 am 

    Nederliar, you are one of the worst offenders with your off-topic pbm fantasies and brexit.

  31. This is JuanP on Fri, 14th Dec 2018 5:45 am 

    Davy on Fri, 14th Dec 2018 5:25 am

  32. Admin on Fri, 14th Dec 2018 5:50 am 

    “makati1 on Fri, 14th Dec 2018 2:42 am
    Children, grow up.
    Cloggie on Fri, 14th Dec 2018 3:19 am
    Children of 40+ are destined to remain children for the rest of their lives.
    makati1 on Fri, 14th Dec 2018 4:02 am
    So true, Cloggie. We have several on this site ruining it for all of us.”

    You two better be more forceful than that with some finger pointing because you are next. You don’t think this shit that juanP started is going to stay isolated do you? You two old children that are ruining the board too. Make an effort to solve this problem or both of you are toast too. Both of you are playing along with juanp because it serves your purposes then you whine about it when you get a taste of it.

  33. Cloggie on Fri, 14th Dec 2018 7:29 am 

    Admin-Davy won’t warn again.

  34. Davy on Fri, 14th Dec 2018 8:11 am 

    As a good ole’ american boy my fave pastime is hot dog eating. i can usually get up to 17 down but then I’m on the toilet most of the night!
    Awesome.

  35. Cloggie on Fri, 14th Dec 2018 8:13 am 

    Ha! thats nothing, me and my tall blonde haired master race people can eat 27 smoked German Frankfurters in one sitting.
    I make myself vomit all night so I dont feel guilty in themorning though!
    Zieg Merkel!

  36. JuanP on Fri, 14th Dec 2018 8:14 am 

    You gringos are loco!, I can eat 37 spicy tacos and beans in one sitting. We clean up all the mess real quick for low pay too!
    Arriba, Arriba!

  37. I am the mob on Fri, 14th Dec 2018 8:17 am 

    Thats nuthin fool! Quit your jibber jabber!. I can sit down with ma half breed niglets and consume 47 pieces o’ fried chicken in one sitting and produce jenkum to die fo’!

  38. Obama your glorious leader on Fri, 14th Dec 2018 8:21 am 

    Shut up and help me close Guantanamo you lazy folks. But first I gotta write a book about ma peace prize.

  39. Trump the orange bastard on Fri, 14th Dec 2018 8:22 am 

    Stop arguing for christs sake!
    Covfefe Covfefe!

  40. JuanP on Fri, 14th Dec 2018 9:48 am 

    China’s Belt and Road Initiative continues moving forward at full speed with cargo rail traffic between Europe and Asia growing more than 70% this year. ThT is explosive trade growth. Bye, bye USA! LOL!
    http://www.globaltimes.cn/content/1131861.shtml

  41. Davy on Fri, 14th Dec 2018 10:48 am 

    Sorry for all of the above everyone. I don’t know what came over me.

  42. Makati1 on Fri, 14th Dec 2018 11:39 am 

    Juan, you just ruined my next day on the forum. What a lunatic asshole.

  43. Davy on Fri, 14th Dec 2018 11:43 am 

    “Why The Collapsing Chinese Credit Impulse Is All That Matters”
    https://tinyurl.com/y9vw9alb

    “Back in June 2017, we wrote that if one had to follow just one macro indicator that impacts virtually every aspect of the global economy, that would be the Chinese credit impulse. Not surprisingly, the article was titled “Why The (Collapsing) Credit Impulse Is All That Matters.” Today, almost a year and a half later, the world is once again on the verge of a recession, with China – whose recent economic data has been on the verge of disaster – closely watched as the spark that could light the next global economic and financial conflagration. And not surprisingly, it is again all about the Chinese credit impulse, which – it should come as no surprise – has dropped to just shy of a fresh post-crisis low (note how it was China’s record credit impulse burst in 2009 that dragged the world out of a global recession).”

  44. Lunatic JuanP on Fri, 14th Dec 2018 11:44 am 

    Davy on Fri, 14th Dec 2018 10:48 am

    Sorry for all of the above everyone. I don’t know what came over me.

  45. Cloggie on Fri, 14th Dec 2018 11:47 am 

    Yea, idiot South American quite spamming the board with identity theft and socks. I will pay for it later because of you. ASSWIPE

  46. Davy sock on Fri, 14th Dec 2018 11:55 am 

    Lunatic JuanP on Fri, 14th Dec 2018 11:44 am

  47. Davy Identity Theft on Fri, 14th Dec 2018 11:57 am 

    Cloggie on Fri, 14th Dec 2018 11:47 am

  48. Davy Identity Theft on Fri, 14th Dec 2018 12:15 pm 

    Makati1 on Fri, 14th Dec 2018 11:39 am

  49. Cloggie on Fri, 14th Dec 2018 12:47 pm 

    China’s Belt and Road Initiative continues moving forward at full speed with cargo rail traffic between Europe and Asia growing more than 70% this year. ThT is explosive trade growth. Bye, bye USA! LOL!

    http://www.globaltimes.cn/content/1131861.shtml

    Good find Juan. The overland New Silk Road is not vulnerable of attacks launched from the sea. Imagine the immense amount of war material that can be exchanged between Europe, Russia and China using these tracks in the upcoming WW3/CW2 between Eurasia and the Five Eyes, shortly after Trump.

  50. makati1 on Fri, 14th Dec 2018 3:00 pm 

    Until Admin bans a few children here…you know who you are…I’m out of here. I have better things to do than read grade-school spam. But I will keep posting my updates on US insanity.

    The US is going down the shitter and it is obvious why. Just look at the above comments here and on the other topics. My cat is more intelligent.

1 2 3

Leave a Reply

Your email address will not be published. Required fields are marked *