Saturday, February 23, 2019

Energy 121, US oil and natgas production

US crude oil production: 
(1) End of Bush Jr's term 5.0 million barrels per day (mbpd), 
(2) End of Obama 1st term 7.0 mbpd, 
(3) End of Obama 2nd term 8.8 mbpd, 
(4) Trump 2+ years 12.0 mbpd. 
Or an increase of 3.8 mbpd after 8 years of Obama, and increase of 3.2 mbpd after 2 years and 2 months.


Saudi and Russia oil production about 11.5 mbpd each and they are cutting their output to force higher oil prices while US is raising output to lower oil prices.

And US natural gas production. 
(1) End of Bush Jr. 1st term 2004, 1.63 trillion cubic feet (tcf), 
(2) End of Bush Jr. 2nd term 2008, 1.83 tcf, 
(3) End of Obama 1st term 2012, 2.15 tcf, 
(4) End of Obama 2nd term 2016, 2.36 tcf, 
(5) Trump 1 year 11 months, 2.84 tcf. 
Or increase of 0.53 tcf after Obama 8 years, increase of 0.48 tcf after Trump 1 year and 11 months.




Reduce energy prices by expanding production, continuously. Debureaucratize energy exploration,  extraction and transportation.
----------------

See also:

No comments: