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To: bakkentom; Mariner

Further breakdown (reconciliation) here:

https://www.eia.gov/tools/faqs/faq.php?id=727&t=6

We are pretty much in a good position, particularly if we keep growing / don’t elect more whacko libs (pretty much one and the same thing.)

If one considers that much of our imports come from Mexico and Canada, OPEC is just about broken, and any of the supposed leverage (direct leverage, anyway) Saudi Arabia has over us is pretty much long gone.


52 posted on 07/01/2019 1:26:02 PM PDT by Paul R. (The Lib / Socialist goal: Total control of nothing left worth controlling.)
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To: Paul R.

Pretty much, I think I used the phrase “pretty much”, pretty much too much!

(That’s what I get for composing a reply in pretty much of a hurry!) :-)


54 posted on 07/01/2019 1:31:00 PM PDT by Paul R. (The Lib / Socialist goal: Total control of nothing left worth controlling.)
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To: Paul R.

To elaborate on that EIA link, from another is the following from 2018:

“In 2018, U.S. total petroleum production averaged about 17.67 million barrels per day (mmb/d), which included

crude oil—10.95 mmb/d
natural gas liquids—4.35 mmb/d
biofuels and oxygenates—1.23 mmb/d
refinery processing gain—1.14 mmb/d”

Each well has the dirty crude piped from the ground into a treater which seperates the clean crude and natural gas liquids and dry natural gas from the waste production water. The EIA numbers may not include the dry natural gas in their numbers yet since LNG for export is just starting.

In 2018 10.95 million bbl per day of crude oil produced from US wells. Add NGL’s, biofuels, oxygenates for 17.67 million bbl per day equivalent for all hydrocarbon liquids before further processing. We consumed 20.54 million bbl equivalent per day, the difference coming from net imports.

In 2019 in April produced 12.5 mbbl/d and in Dec @ 13 mbbl/d which gets us closer to net imports of zero. In 2020 it is expected each month will be a net export.


57 posted on 07/01/2019 4:18:54 PM PDT by bakkentom
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