tag:blogger.com,1999:blog-1149283829854298377.post4720825672083706984..comments2024-03-28T11:02:33.884-05:00Comments on The Million Dollar Way (The Bakken Oil Blog): Moderate US Crude Oil Draw -- EIA -- July 17, 2019Bruce Oksolhttp://www.blogger.com/profile/10952652803684625738noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1149283829854298377.post-38835027080668524982019-07-17T21:02:48.786-05:002019-07-17T21:02:48.786-05:00It's from Barry. Still a finger in the air, n...It's from Barry. Still a finger in the air, not a survey. But the do tweak the #s for hurricanes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-7872206302627624122019-07-17T18:35:01.005-05:002019-07-17T18:35:01.005-05:00The same thing when retail outlets say something i...The same thing when retail outlets say something is 10% off -- do you pay sales tax on the whole, original amount, or just on the sale after the 10% is taken off. It never quits. Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-19807458929077887842019-07-17T17:55:20.997-05:002019-07-17T17:55:20.997-05:00rereading that, it would have been clearer had i w...rereading that, it would have been clearer had i wrote "Alaska's oil production increased by 28,000 barrels per day to 455,000 barrels per day, which was enough to raise the final rounded national production total by 500,000 barrels per day to 12,000,000 barrels per day" <br /><br />the point is that they independently round production amounts from the lower 48 and from Alaska before adding them back together...what that means is that 12,000,000 barrels per day could actually mean as little as 11,902,000 barrels per day, or as much as 12,098,000 barrels per day, depending on what the pre-rounding amounts were in the subsets..rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-17990119106661967862019-07-17T16:54:57.501-05:002019-07-17T16:54:57.501-05:00Well, it is the government "running" the...Well, it is the government "running" the numbers. LOL. Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-83357525905207254972019-07-17T14:43:58.062-05:002019-07-17T14:43:58.062-05:00anyone catch how our crude production dropped?
t...anyone catch how our crude production dropped? <br /><br />this week's crude oil production was reported to be 300,000 barrels per day lower at 12,000,000 barrels per day because the rounded estimate of the output from wells in the lower 48 states was 400,000 barrels per day lower at 11,500,000 barrels per day, while Alaska's oil production increased by 28,000 barrels per day to 455,000 barrels per day, which was enough to raise the final rounded national production total by 100,000 barrels per day (& that's the EIA's arithmetic, not mine)...<br /><br />you can see it here: https://www.eia.gov/petroleum/supply/weekly/pdf/table1.pdf<br /><br />also catch line 13, a 996,000 bpd swing in the 'unaccounted for crude' adjustment..rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.com