Google 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, 10/1/2016, titled…
Category: United States
Where actually is that much-hyped global oil glut?
The 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 glut stands…
IEA: US$ 40 oil means 3 mb/d less tight oil by 2020
You 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 tight (shale)…
US shale oil too expensive, peaks 1H 2015
According 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 that US…
Asia depends on Middle East for 66 % of its oil imports
This 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 oil consumption…
US enters undulating crude oil production plateau in 2015
This 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 then a…
IEA report: US shale oil growth practically zero in 2017
The 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 2015 Fig…
40 % of US petroleum product exports didn’t grow since 2011
This 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 US product…
Tight oil boom can explain only part of drop in US oil product imports
We continue to look at what impact US tight oil has on global oil markets, in this post the reduction of US petroleum product imports. This analysis shows that only around one…
US crude imports from Non-OPEC countries peaked 10 years before tight oil boom
In part 3 of this series on the impact of US tight oil, we look at US crude oil imports from Non-OPEC countries. Excluding Canada – which is a special case due…