U.S. Crude Oil Production, Where Are We?
Record high US crude oil production! No wonder oil prices are dropping!
This chart uses EIA's weekly US crude oil production data from January
7, 1983 to January 30, 2015. Look at the exponential production ramp up
after the Great Recession and how we exceeded the previous production
high in 1985.
Source: US Energy Information Administration (EIA)
I have integrated the latest production data into my Energy Industry Investment Model with results shown below.
No comments:
Post a Comment