Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 185.83

+5.8%

Dec 19 9:30 AM EST

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berniel

To: berniel who wrote (13340)	3/14/2022 3:46:01 PM
From: rdkflorida2	1 Recommendation of 26806

2021 was "slightly" down from 2020. 2022 is UP slightly over 2021. 2023 is projected to be higher than 2022. Crude production is growing. If Biden had put in some draconian restrictions crude production should be going down. It's just a matter of the drillers recovering. I've seen numbers saying 12 million by the end of 2022 and 13 million in 2023. <div jsname="Q8Kwad" class="YsGUOb" style="background-image: url("data:image/svg+xml,"); display: inline-block; height: 24px; width: 24px; margin-top: -1px; transform: rotateZ(-180deg);"> "The U.S. was producing 11.185 million barrels of crude oil per day in 2021, compared with an average of 11.283 million barrels per day in 2020, according to data from the U.S. Energy Information Administration. The latest data shows that for the week of March 4, 2022, the U.S. is producing 11.6 million barrels per day."

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