Home » Posts tagged 'energy information administration' (Page 4)

Tag Archives: energy information administration

Oil Markets Are Balancing Faster Than IEA Would Have Us Believe

January 22, 2016

Oil Markets Are Balancing Faster Than IEA Would Have Us Believe Fundamentals point toward market balance but pessimism is dragging oil prices down. IEA has apparently succumbed to this negativity but their data suggests that things are getting better, not worse. In a business-as-usual world in which nothing unusual happens, the world will be close […]

Continue Reading →

EIA Says Shale Continues to Decline

December 9, 2015

EIA Says Shale Continues to Decline The EIA’s Drilling Productivity Report has US shale oil on a steep decline. The below shale oil production charts are the EIA’s estimate of what shale production will look like through January 2016. Keep in mind this is the EIA’s estimate and not hard production numbers. The big drops here are […]

Continue Reading →

A Surprising Look at Oil Consumption

November 25, 2015

A Surprising Look at Oil Consumption The EIA publishes oil consumption numbers for all major nations. However they have data for most nations only through 2013. They do have data for some nations through 2014. Nevertheless a lot can be gleaned from just looking at those consumption numbers. If oil consumption numbers are growing year after year, then […]

Continue Reading →

Ivy League Universities Pushing Oil Industry Agenda With No Accountability

October 23, 2015

Ivy League Universities Pushing Oil Industry Agenda With No Accountability Harold Hamm isn’t the kind of guy you’d expect to be name dropping Ivy League schools. Born in Oklahoma, his education ended with his graduation from high school. Which didn’t stop him from becoming a multi-billionaire by building his own oil and gas fracking company, […]

Continue Reading →

EIA Short Term Energy Outlook

October 8, 2015

EIA Short Term Energy Outlook The EIA is out with the latest Short Term Energy Outlook. All charts below are in million barrels per day. The one table is in thousand barrels per day. The projected data is through December 2016. The EIA has Non-OPEC total liquids dropping 620,000 bpd in September, up 280,000 bpd in November […]

Continue Reading →

JODI Data and Giant Field Depletion

September 24, 2015

JODI Data and Giant Field Depletion I am starting this post off with a news article because it explains why JODI has U.S. production numbers wrong for July. No, U.S. Oil Production Probably Didn’t Rise in July The Joint Organizations Data Initiative (JODI) releases monthly oil supply-and-demand data for about 80 countries, which it gathers by directly surveying the […]

Continue Reading →

Tight Oil Reality Check

September 22, 2015

Tight Oil Reality Check Much of the cost-benefit debate over fracking has come down to the perception of just how much domestic oil and gas it can produce and at what cost. To answer this question, policymakers, the media, and the general public have typically turned to the U.S. Department of Energy’s Energy Information Administration (EIA), which […]

Continue Reading →

Decline In U.S. Oil Production Accelerates

September 11, 2015

Decline In U.S. Oil Production Accelerates New EIA data once again points to a deeper contraction than previously expected. The revelation was initially revealed in late August, when the EIA reported that the United States produced much less oil than expected in the first half of 2015. On the whole, the country produced 40,000 to 100,000 […]

Continue Reading →

The EIA Changes Data Collection Methods

September 5, 2015

The EIA Changes Data Collection Methods EIA begins monthly survey-based reporting of U.S. crude oil production With the release of today’s Petroleum Supply Monthly, EIA is incorporating the first survey-based reporting of monthly U.S. crude oil production statistics. Today’s Petroleum Supply Monthly includes estimates for June 2015 crude oil production using new survey data for 13 states and […]

Continue Reading →

This Is Why The Saudis Are Unlikely To Accept Any Production Cutback

September 5, 2015

This Is Why The Saudis Are Unlikely To Accept Any Production Cutback ‘Clack! cla-cla clack-clack clack-clack CLACK!!’ (today’s fanfare for Nonfarm Friday was played on football helmets to celebrate the start of college football season). It is the first Friday in September, which means we see official US employment data, aka nonfarm payrolls. Today’s report […]

Continue Reading →

EIA On Board With Lifting U.S. Crude Export Ban

September 4, 2015

EIA On Board With Lifting U.S. Crude Export Ban A new report from the Energy Information Administration adds more weight to the notion that crude oil exports from the U.S. would not damage the economy. The EIA studied the prospect of oil exports in response to questions from Congress, and it builds on several prior reports completed […]

Continue Reading →

US Oil Production Nears Previous Peak

August 31, 2015

US Oil Production Nears Previous Peak The EIA’s Monthly Energy Review came out a couple of days ago. The data is in thousand barrels per day and the last data point is July 2015. US consumption of total liquids, or as the EIA calls it, petroleum products supplied, reached 20,000,000 barrels per day for the first time […]

Continue Reading →

Lifting Ban On U.S. Crude Oil Export Would Enable Massive Fracking Expansion

August 11, 2015

Lifting Ban On U.S. Crude Oil Export Would Enable Massive Fracking Expansion In a recent Washington Post editorial supporting oil industry efforts to lift the existing ban on exporting crude oil produced in America, the editors stated: “The most serious objection to lifting the ban comes from environmentalists who worry that it would lower fossil fuel prices and […]

Continue Reading →

What Does Exxon Know That We Don’t?

What Does Exxon Know That We Don’t? Forecasts from the IEA and Goldman Sachs this week are trying to say that crude barrels are still overpriced – but the market isn’t listening. I’ve been convinced that crude prices above $60 are counterproductive as Goldman said in their recent note – but other factors are continuing […]

Continue Reading →

Saudi Arabia Continues To Turn Screws On U.S. Shale

Saudi Arabia Continues To Turn Screws On U.S. Shale Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. According to OPEC’s latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a slight increase over the previous month’s total of 10.29 million […]

Continue Reading →