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United States Archive
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US shale oil peak in 2015
Posted on March 30, 2016 | No CommentsThe recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions. https://www.eia.gov/petroleum/drilling/ Fig 1: Bakken production change from old/new wells The 1st panel […] -
World outside US and Canada doesn’t produce more crude oil than in 2005
Posted on February 14, 2016 | No CommentsAfter a delay of several months the US Energy Information Administration has published the latest international energy statistics for October 2015 This is an opportunity to update crude oil graphs […] -
The myth of US self-sufficiency in crude oil
Posted on January 21, 2016 | No CommentsGoogle for “US energy independence” and you will get 134k results, “US self sufficiency” yields 10k results. Here are some examples of what the media reports: In Aljazeera’s Inside Story, […] -
Where actually is that much-hyped global oil glut?
Posted on December 29, 2015 | No CommentsThe media is full with news that there is a global oil glut. There are now more than 3bn barrels of excess oil in the world 13/11/2015 http://www.telegraph.co.uk/finance/oilprices/11993687/There-are-now-more-than-3bn-barrels-of-excess-oil-in-the-world.html Record oil […] -
IEA: US$ 40 oil means 3 mb/d less tight oil by 2020
Posted on November 16, 2015 | No CommentsYou want $40 oil? Yes, please. But according to the World Energy Outlook 2015 of the International Energy Agency, recently released in London, that would mean 3 mb/d less US […] -
US shale oil too expensive, peaks 1H 2015
Posted on September 30, 2015 | No CommentsAccording to EIA data, monthly US crude oil production peaked in April 2015 at 9.6 mb/d. Fig 1: US crude oil production to June 2015 http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm The above graph shows […] -
Asia depends on Middle East for 66 % of its oil imports
Posted on July 1, 2015 | No CommentsThis post uses data from the inter area oil movement section of the BP Statistical Review published in June 2015. It is a continuation of an earlier post on Asian […] -
US enters undulating crude oil production plateau in 2015
Posted on March 18, 2015 | No CommentsThis is a post on the EIA Short Term Energy Outlook March 2015 (STEO) The following graph shows total US crude production according to EIA statistics until Feb 2015 and […] -
IEA report: US shale oil growth practically zero in 2017
Posted on March 3, 2015 | No CommentsThe International Energy Agency’s Medium Term Oil Market Report 2015 included an interesting graph showing changes in US and Russian oil production for the next 5 years: IEA MTOMR February […] -
40 % of US petroleum product exports didn’t grow since 2011
Posted on January 27, 2015 | No CommentsThis is another post in the series on how US tight oil has impacted on global oil markets. This time we look at US petroleum product exports. (1) Destination of […]