So yes, you were one of the whiners? Now you can whine like an environmentalist, cuz he just set a new world record.
The US is producing more oil than any country in history
CNN.com
Dec 19, 2023 — As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil ..
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Another New High for US November Oil Production – Peak Oil Barrel
By Ovi
All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIA's Petroleum Supply monthly PSM which provides updated information up to November 2023.
 U.S. November oil production increased by 84 kb/d to 13,308 kb/d, a new record high. The increase was primarily due to increases in Texas and New Mexico offset by a decrease in the GOM. Note that October production was revised down from 13,248 kb/d to 13,224 kb/d.
The dark blue graph, taken from the January 2023 STEO, is the forecast for U.S. oil production from December 2023 to December 2025. Output for December 2025 is expected to reach 13,595 kb/d.
The red OLS line from June 2020 to October 2023 indicates a monthly production growth rate of 64.6 kb/d/mth or 775 kb/d/yr. Clearly the growth rate going forward into 2024, shown by the dark blue graph, is flat and significantly lower than seen in the previous June 2020 to November 2023 time period. From November 2023 to December 2024, production is expected to drop by 119 kb/d.
While overall US oil production increased by 84 kb/d, the Onshore L48 had a production increase of 160 kb/d to 11,007 kb/d in November.
The light blue graph is the STEO’s projection for output to December 2025 for the Onshore L48. From November 2023 to December 2025, production is expected to increase by 176 kb/d to 11,183 kb/d. Production for most of 2024 in the Onshore L48 will be essentially flat. |
