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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (11422)	11/11/2010 11:48:09 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24234

TOD comment The EIA’s International Petroleum Monthly came out late yesterday with the data for August. World oil production, C+C, was down 306,000 barrels per day. This was primarily due to maintenance in the North Sea. North Sea Production was down 442,000 barrels per day. Norway was down 216 kb/d, the UK was down 179 kb/d and Denmark was down 49 kb/d. Russia was down 87 kb/d and Canada was down 49 kb/d. There were no other non-OPEC big losers. The US was up 100 kb/d, Australia was up 51 kb/d and China was up 48 kb/d. Non-OPEC C+C was down 356 kb/d while OPEC, C+C was up 51 kb/d. But the big news was not C+C but All Liquids. The EIA has world all liquids down a whopping 1,327,000 barrels per day to 85,141,000 barrels per day. At first I thought that was a typo, that the 85 should have been an 86. But then I checked closer and saw that the lion’s share of that drop was the US. US all liquids were down 841,000 barrels per day of all liquids. (But US C+C was up 100,000 bp/d.) Perhaps this was some kind of correction. The previous months all liquids were modified but only slightly so. July and August All Liquids Production in thousands of barrels per day, Spreadsheet 1.4 .. USA OPEC World July.. 9,570 34,871 86,468 August..8,729 34,933 85,141 Diff.. -841 62 -1,327 They do not give individual nations all liquids, just the US, but obviously the remaining decline was from the rest of non-OPEC. Ron P. theoildrum.com