Saturday, July 21, 2018

US Producers / Refiners Made History In June, 2018 -- API -- Rigzone; US Petroleum Demand Highest In Eleven Years -- All The Way Back To Bush II -- Making America Great Again

Say what you want to about Trump, this would not have happened under a Hillary or a Sanders administration After two lost decades, the Bush II decade and the Obama decade, America is making a comeback.

This should have been posted earlier this week. I kept putting it off. 

From Rigzone:
U.S. production of crude oil and natural gas liquids (NGL) hit unprecedented levels in June 2018.
According to API, crude oil production hit 10.7 million barrels per day (MMbpd) in June and NGL production reached 4.2 MMbpd during the same period.
[The API] noted that domestic oil production has supplied all of the growth in global demand so far in 2018 and has helped to compensate for production losses among some OPEC member nations. [Memo to Art Berman, Jane Nielson.]
API noted that milestones for June included:
  • U.S. petroleum demand for the year-to-date was the strongest it’s been in 11 years. -- Making America great again!
  • refinery throughput in the U.S. hit a new record of 18 MMbpd
  • thanks to that record refinery throughput, U.S. crude inventories remained steady and accumulated refinery product stocks “more than offset” the drawdown in crude oil inventories
  • “Solid economic and energy market fundamentals” are supporting the 20.6 MMbpd U.S. petroleum demand – the strongest such level since 2007
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The Ledecky Page

From Swimming World:
Tickets are on sale now to see our nation’s top swimmers, including reigning and future Olympic gold medalists, at USA Swimming’s 2018 Phillips 66 National Championships, slated for July 25-29 at Irvine, California’s William Woollett Aquatics Center.
Olympians and world champions Caeleb Dressel, Chase Kalisz, Lilly King, Katie Ledecky, Simone Manuel and Ryan Murphy currently rank as top qualifiers among the 1,300-plus swimmers who have met the time standards for this summer’s Phillips 66 National Championships.
The national championships will be televised on NBCSN.

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