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United States Oil Production by Month
Posted on 3/4/22 at 8:17 am
Posted on 3/4/22 at 8:17 am
Are these charts generally accurate in representing United State oil production by month?
US Energy Information Administration
MacroTrends
US Energy Information Administration
MacroTrends
Posted on 3/4/22 at 8:24 am to Salviati
Hell of a pandemic dip. What occurred circa 2007/2008 that started such a large uptrend after 20 something year downtrend?
Posted on 3/4/22 at 8:25 am to Celery
quote:
Hell of a pandemic dip. What occurred circa 2007/2008 that started such a large uptrend after 20 something year downtrend?
Fracking
Posted on 3/4/22 at 8:29 am to Salviati
A LOT of stripper wells went offline for good during Spring of 2020. The cost to rework them after being shutdown, would have been more than they were worth. If memory serves me correctly this amounted to almost 2 million BPD.
Posted on 3/4/22 at 8:32 am to Salviati
So according to these charts, the US is producing more oil now than anytime in history outside of 6 months during the trump presidency?
Hmmmmm
Hmmmmm
Posted on 3/4/22 at 8:39 am to Salviati
Can’t be possible.
Biden stopped the pipeline and shut down drilling in the gulf.
Biden stopped the pipeline and shut down drilling in the gulf.
Posted on 3/4/22 at 8:44 am to Fat and Happy
quote:
Can’t be possible.
Biden stopped the pipeline and shut down drilling in the gulf.
EIA is as reliable of data as youre going to get as it pertains to oil and gas supply and demand
Posted on 3/4/22 at 8:47 am to Fat and Happy
Demand has increased greatly as well. Was that a serious question?
Posted on 3/4/22 at 8:47 am to Fat and Happy
JBE handcuffed himself to a rig and chanted stop the drilling
Posted on 3/4/22 at 9:09 am to Salviati
Go to the site and look at the 5 year chart. Oil production increased steadily until the pandemic. We are now back down to Nov 2018 levels but not on a steady upward curve like we were pre-pandemic. We will not be energy independent again unless that changes.
Posted on 3/4/22 at 9:10 am to hubertcumberdale
quote:
EIA is as reliable of data as youre going to get as it pertains to oil and gas supply and demand
This. They put out some really informative charts and data.
Posted on 3/4/22 at 9:16 am to CitizenK
quote:
A LOT of stripper wells
Pics?
Posted on 3/4/22 at 9:29 am to Celery
quote:
Hell of a pandemic dip. What occurred circa 2007/2008 that started such a large uptrend after 20 something year downtrend?
The CCP happened
Posted on 3/4/22 at 9:56 am to Salviati
quote:Yes, of course. Why would you doubt it? Is it because it causes cognitive dissonance with the spoutings of the loonies on here?
Are these charts generally accurate in representing United State oil production by month?
Posted on 3/4/22 at 9:57 am to Celery
quote:
Hell of a pandemic dip. What occurred circa 2007/2008 that started such a large uptrend after 20 something year downtrend?
Thanks obama
Posted on 3/4/22 at 10:34 am to Loup
quote:
Thanks obama
He started fracking the American people in 2008, checks out.
Posted on 3/4/22 at 11:12 am to Salviati
We are exporting a lot of oil that we could just use.
Posted on 3/4/22 at 11:26 am to ELVIS U
quote:
EIA is as reliable of data as youre going to get as it pertains to oil and gas supply and demand
Correct. It's not perfect but it's the most transparent data set in the world market.
quote:
We are exporting a lot of oil that we could just use.
Us refiners are about at the maximum light crude they can refine.
In round numbers, the US produces 12 MMBD (million barrels a day), refines 16 MMBD, exports 3.5 MMBD and imports 6 MMBD. The slight differences in these numbers per week result in inventory build or draw.
About half of the imports are from Canada because refiners need heavy crude to mix with lighter grades. Our Gulf refineries predate the shale boom and were originally tooled to take Venezuelan and Middle Eastern crude.
Posted on 3/4/22 at 11:39 am to JohnnyKilroy
according to these charts, the US is producing more oil now than anytime in history ?
—-Yes, and we have the highest population in our history, and more cars.
—-Yes, and we have the highest population in our history, and more cars.
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