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To: ckilmer
From the U.S. Energy Information Administration:
"In 2013, the United States consumed a total of 6.89 billion barrels of petroleum products, an average of 18.89 million barrels per day."

"The U.S. imported approximately 10.6 million barrels per day of petroleum in 2012 from about 80 countries. We exported 3.2 MMbd of crude oil and petroleum products, resulting in net imports (imports minus exports) equaling 7.4 MMbd. Net imports accounted for 40% of the petroleum consumed in the United States, the lowest annual average since 1991. "Petroleum" includes crude oil and refined petroleum products like gasoline, and biofuels like ethanol and biodiesel. In 2012, about 80% of gross petroleum imports were crude oil, and about 57% of all crude oil that was processed in U.S. refineries was imported. The top five source countries of U.S. petroleum imports in 2012 were Canada, Mexico, Saudi Arabia, Venezuela, and Russia."


12 posted on 05/19/2014 12:48:45 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: familyop

“The U.S. imported approximately 10.6 million barrels per day of petroleum in 2012 from about 80 countries. We exported 3.2 MMbd of crude oil and petroleum products, resulting in net imports (imports minus exports) equaling 7.4 MMbd.
.................
Here is an EIA graph of net imports of crude oil and petroleum products that runs through january 2014. in January 2014 net imports of of crude oil and petroleum products were 5.54 MMbd
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mttntus2&f=m

So net imports are falling fast—or roughly 1 million barrels a year between 2012 and 2014. The EIA expects oil production rises of each and all of 2014 and 2015 to be at about 1 million barrels a year. http://www.eia.gov/forecasts/steo/archives/May14.pdf

The EIA also expects production increases to flatten out after 2015. But I think steep production rises will occur for a couple more years because of the enormous recoverable reserves in the Permian basin have barely begun to be tapped. Most of the new drilling is occurring in the permian basin. Sometime next year imho production increases from the permian basin will go parabolic as they have for the last three years in the baaken and the eagle ford. So that just as the eagle ford and baaken production increases start to flat line —the permian basin production numbers will explode.


18 posted on 05/19/2014 4:21:07 PM PDT by ckilmer
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