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EIA Says Shale Continues to Decline
The EIA’s Drilling Productivity Report has US shale oil on a steep decline. The below shale oil production charts are the EIA’s estimate of what…
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Oil Forecast From a Reputable Firm
Had to take the post down folks, the reputable firm threatened to sue me. Sorry. Ron _______________________________________________________ I send an email notification every time I…
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Open Thread
The EIA has released their Petroleum Supply Monthly with September production numbers for states and total US. It was pretty much a non event. So I…
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A Surprising Look at Oil Consumption
The EIA publishes oil consumption numbers for all major nations. However they have data for most nations only through 2013. They do have data for some nations through…
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The Case For Peak Oil
All charts below were created with data from JODI, the EIA and OPEC MOMR. It is in thousand barrels per day and the last data…
Featured Post
Chart below (at link) compares EIA’s International Energy Outlook (IEO) 2023 with my Oil Shock Model. There is a tendency…
Nick G, I agree the STEO forecast seems quite optimistic about both future oil production and consumption.
For World Oil Production and Consumption estimates by the EIA in the June STEO see https://www.eia.gov/outlooks/steo/data/browser/#/?v=6&f=A&s=0&start=2022&end=2027&linechart=PAPR_WORLD~PATC_WORLD&id=&ctype=linechart&maptype=0&map=
Shinzy, See https://www.eia.gov/outlooks/steo/data/browser/#/?v=30&f=M&s=0&start=202401&end=202712&linechart=~COPR_OPEC&maptype=0&ctype=linechart&map= For OPEC crude oil forecast (most of the change is Hormuz). And link below.
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What if we exclude NGLs, condensate, tight oil, oil sands/bitumen, biofuels, refinery gains, etc? Do you think it has declined…