Industrialized Cyclist Notepad


shuttered
October 14, 2013, 08:52
Filed under: Uncategorized | Tags: , , , , ,

Leaving a void of energy propaganda.

Impact of the federal government shutdown on EIA ›

As a result of the lapse in appropriations for the U.S. Energy Information Administration, the EIA.gov website and our social media channels will not be updated after 1:00 p.m. Eastern Time on Friday, October 11, 2013. Transactions submitted via the website might not be processed until appropriations are enacted; databases might not be available; and we will not be able to respond to inquiries.

Will the shutdown affect EIA\’s reports and data releases? Yes. The release of all reports and data will cease during the shutdown.

via U.S. Energy Information Administration (EIA).



U.S. oil demand rising again

Via EIA Week in Review.

Total products supplied over the last four-week period averaged about 19.7 million barrels per day, up by 3.7 percent from the same period last year. Over the last four weeks, motor gasoline product supplied averaged over 9.0 million barrels per day, up by 3.3 percent from the same period last year. Distillate fuel product supplied averaged 4.0 million barrels per day over the last four weeks, up by 11.1 percent from the same period last year. Jet fuel product supplied is 1.6 percent higher over the last four weeks compared to the same four-week period last year.



Track Record

Via Kurt Cobb in the CS Monitor:

Back in the year 2000, the IEA divined that by 2010, liquid fuel production worldwide would reach 95.8 million barrels per day (mbpd). The actual 2010 number was 87.1 mbpd. The agency further forecast an average daily oil price of $28.25 per barrel (adjusted for inflation). The actual average daily price of oil traded on the New York Mercantile Exchange in 2010 was $79.61

[...]

So, what made the IEA so sanguine about oil supply growth in the year 2000? It cited the revolution taking place in deepwater drilling technology which was expected to allow the extraction of oil supplies ample for the world’s needs for decades to come. But, deepwater drilling has turned out to be more challenging than anticipated and has not produced the bounty the IEA imagined it would. …

via When oil forecasts get it wrong – CSMonitor.com.



The Bottleneck

pipeexpandeia

Via EIA:

This Week In Petroleum Summary Printer-Friendly Version.



EIA price predictions

Always kind of funny. Flat-line forever.

eiagaspricechart



EIA predicts current rise in U.S. crude oil production will peak at 7.5 million barrels per day

7.54 mbd of crude in 2019. According to the EIA’s “AEO Table Browser:”

AEO Table Browser – Energy Information Administration.

See also: THE AMAZING RED MOUND, BAKKEN DEVELOPMENT BY COUNTY, EPA FRACKING AIR POLLUTION RULES, MONTANA CRUDE OIL PRODUCTION, LIVESTOCK IN FRACKING REGIONS



Montana Crude Oil Production

Appears to have peaked. See, the Bakken formation is in Montana and North Dakota.

montanaoilproduction
click to enlarge

via EIA: http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpmt2&f=m




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