Impending Record U.S. Crude Oil Production

Discussion in 'Environmental Discussion' started by iplug, Jan 29, 2018.

  1. iplug

    iplug Senior Member

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    Would like to see the U.S. as a net producer of oil not so much due to the supply side but the demand side.

    Hoping the continued growth of plug-ins will help achieve this in the next 2-5 years. If plug-ins grow fast enough, they will outpace the eventual oil production fall.

    At current declining net import rates (using a tend line over the last two years), the U.S. touches net zero for the first time in 2020. Climbing gasoline prices could make this happen months sooner, lower a bit longer, etc.
     
    #81 iplug, Oct 11, 2018
    Last edited: Oct 11, 2018
  2. iplug

    iplug Senior Member

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    Most recent EIA data just released today (week ending 11/02); U.S. Field Crude Oil Production jumped to a new record 11.6 million barrels/day:

    11/02: 11.6 million barrels/day
    10/26: 11.2 million barrels/day
    10/19: 10.9million barrels/day
    10/12: 10.9 million barrels/day
    10/05: 11.2 million barrels/day
    09/28: 11.1 million barrels/day
    09/21: 11.1 million barrels/day
    09/14: 11.0 million barrels/day
    09/07: 10.9 million barrels/day
     
  3. bisco

    bisco cookie crumbler

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    good election, markets up, people are feeling flush:rolleyes:
     
  4. tochatihu

    tochatihu Senior Member

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    Crude oil price has fallen about 13% since late September.
     
  5. bisco

    bisco cookie crumbler

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    but gasoline is up, no? pretty flat around here though
     
  6. iplug

    iplug Senior Member

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    Equities (stock) markets reacted positively today, but this oil data predates that. The new record is for data only to week ending 11/2/2018.
     
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  7. bisco

    bisco cookie crumbler

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  8. tochatihu

    tochatihu Senior Member

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    I'm impressed that EIA data is as current as it is. Seems like they'd need to be plugged in to many data sources to compile this.
     
  9. iplug

    iplug Senior Member

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    Data junkies get their quick fix.

    Some folks...would say the type that concentrate a bit in places like PriusChat...appreciate (timely - or any) publicly funded research, granular data in sectors such as energy, environment, economy...
     
  10. iplug

    iplug Senior Member

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    Still going up despite oil prices falling last few weeks. EIA data updated today and another record for U.S. Field Crude Oil Production:

    11/09: 11.7 million barrels/day
    11/02: 11.6 million barrels/day
    10/26: 11.2 million barrels/day
    10/19: 10.9million barrels/day
    10/12: 10.9 million barrels/day
    10/05: 11.2 million barrels/day
    09/28: 11.1 million barrels/day
    09/21: 11.1 million barrels/day
    09/14: 11.0 million barrels/day
    09/07: 10.9 million barrels/day


    Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by 8 to 869 this week. That was the largest weekly rise since the week ended Aug. 10. The oil-rig count had posted declines in each of the past three weeks. The total active U.S. rig count, which includes oil and natural-gas rigs, was also up by 11 at 1,063, according to Baker Hughes

    Baker Hughes data show U.S. oil-rig count up for first time in 4 weeks - MarketWatch
     
    #90 iplug, Nov 15, 2018 at 1:42 PM
    Last edited: Nov 15, 2018 at 1:49 PM
  11. Trollbait

    Trollbait It's a D&D thing

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