Thursday, August 1, 2013

US: #1 "Petroleum" Producer For The Sixth Straight Month -- CarpeDiem

Link here.

Note what the EIA statistic includes: crude oil and other petroleum products like natural gas plant liquids, leased condensate, and refined petroleum products.

Also note that one reader replied by saying that "and oil prices continue to rise." In fact, he's wrong. Brent has come down significantly in price since February, 2013. WTI has increased because it was artificially held down in price by the relative glut at Cushing. That has changed.

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