GRA
Posts: 9099
Joined: Mon Sep 19, 2011 1:49 pm
Location: East side of San Francisco Bay

EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

Wed Jan 10, 2018 4:18 pm

http://www.greencarcongress.com/2018/01/20180110-steo.html

In its latest edition of the Short-Term Energy Outlook, the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 million b/d in 2018—the highest annual average production in US history, surpassing the previous record of 9.6 million b/d set in 1970. EIA also forecasts that 2019 crude oil production will rise further to an average of 10.8 million b/d. US crude oil production averaged an estimated 9.3 million barrels per day (b/d) in 2017 and is estimated to have averaged 9.9 million b/d in December. . . .
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

The 'best' is the enemy of 'good enough'. Copper shot, not Silver bullets.

User avatar
RegGuheert
Posts: 6289
Joined: Mon Mar 19, 2012 4:12 am
Delivery Date: 16 Mar 2012
Leaf Number: 5926
Location: Northern VA

Re: EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

Tue Feb 13, 2018 6:30 pm

I never thought I would see the day when this happened.

How long before we become a net exporter again?
RegGuheert
2011 Leaf SL Demo vehicle
10K mi. on 041413; 20K mi. (55.7Ah) on 080714; 30K mi. (52.0Ah) on 123015; 40K mi. (49.8Ah) on 020817; 50K mi. (47.2Ah) on 120717; 60K mi. (43.66Ah) on 091918.
Enphase Inverter Measured MTBF: M190, M215, M250, S280

WetEV
Posts: 2257
Joined: Fri May 04, 2012 8:25 am
Delivery Date: 16 Feb 2014
Location: Near Seattle, WA

Re: EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

Wed Feb 14, 2018 11:36 am

RegGuheert wrote:I never thought I would see the day when this happened.

How long before we become a net exporter again?


The interesting question is how long does the fracking increase last?

We are past the peak of conventional oil, and conventional oil production has been declining.

Horizontal drilling and fracturing has different economics and geology. Best case is more expensive. Again, there will be a total recoverable reserve, and at some point in the future the production will peak and decline. Other higher cost reserves could then be tapped. Tar sands, oil shales and coal to liquids, in roughly that order. Cost might decide otherwise, if solar -> batteries is cheaper than coal -> liquids, very little coal will be Fisher Tropsch'ed into gasoline. If not stopped by economics, will be stopped by global warming.

I've not seen a believable total recoverable reserve estimate for fracking oil production. Still too many unknowns.
WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
2012 Leaf SL Red (Totaled)
2014 Leaf SL Red

DaveinOlyWA
Posts: 13134
Joined: Sat Apr 24, 2010 7:43 pm
Delivery Date: 16 Feb 2018
Leaf Number: 314199
Location: Olympia, WA
Contact: Website

Re: EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

Wed Feb 14, 2018 1:13 pm

The easy answer; fracking will slow down when the fresh water supply runs out
2011 SL; 44,598 miles. 2013 S; 44,840 miles.2016 S30 deceased. 29,413 miles. 2018 S40; 8743 miles, 485 GIDs, 37.6 kwh 111.39 Ahr , SOH 96.49, Hx 114.98
My Blog; http://daveinolywa.blogspot.com" onclick="window.open(this.href);return false;

iPlug
Posts: 131
Joined: Thu Apr 28, 2016 6:47 pm
Delivery Date: 25 Apr 2016
Location: Rocklin, CA

Re: EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

Wed Feb 14, 2018 3:34 pm

Have no worries. As most of the water cycle involves the ocean as a reservoir, the industry will claim fracking will lessen ocean level rise, thus causing and partially curing the problem. :lol:
2016 Leaf SV (leased) + 2012 Plug-in Prius (own), 11.43 kW Solar PV (16 MWh/yr actual production), Clipper Creek Level-2 7.7 kW charging stations x2, 20.5 SEER/13.0 HSPF ducted air-source heat pump, 3.70 UEF heat pump water heater

Return to “Environmental Issues”