Texas Is #1 In Production; But North Dakota Is #1 In Year-Over-Year Percentage Increase

Carpe Diem is reporting:

1. Two states – North Dakota and New Mexico – established new all-time monthly oil production levels in March, with annual increases of 35.7% and 23.5% respectively.

2. Texas crude oil output in March – at 2.369 million barrels per day – was the highest in slightly more than 27 years, going back to February 1986, and increased by more than 30.5% over last March.  As I reported yesterday, the Lone Star State produced one-third of all US crude oil output in March, the highest share ever.

3. Oil production during the month of March in Oklahoma was the highest in more than 20 years, and oil output in Wyoming was the highest in almost 13 years.

4. For the country, the US produced more crude oil in March than in any month since October 1992, more than 20 years ago.

Sequentially, month-over-month, it will get increasingly difficult to set new records, but year-over-year records should continue to be broken for another year or so.

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A Note To The Granddaughters

The house is very, very quiet. Everybody went to the movies to celebrate the older granddaughter's birthday. Her birthday is later this summer but she won't be around then, moving to a new city. So, she gets her sleepover tonight and her younger sister, whose birthday is also later this summer, gets her sleepover next week.

Meanwhile, I'm sitting outside in the backyard, typing on the laptop (the keyboard lights up), under a cloudless night sky. I'm looking for the evening star but may not see it due to light pollution. A bit warm still but absolutely no bugs (no mosquitoes, in other words) which really, really surprises me. No sports on television as far as I know. Even The Oil Drum is very, very quiet. Contributors there suggest that it's time to move on from the subject of "peak oil."

I've told this story before. While going to graduate school in southern California back in the early 70's I experienced the oil embargo. I started riding the bus but my roommate never stopped driving his car. The embargo ended and sometime between then and now, I realized that there would never be a "true" shortage of energy in my lifetime. Any shortage will be artificial and man-made.  It was a huge revelation.

Right now it certainly appears we could have a have a relative glut of oil/gasoline over the new few years. Supply is getting ahead of demand, and demand won't start being a problem until the Chinese move to a new demand level.

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I saw Jerry Jeff some years ago in the oldest dance hall still in existence in Texas. In college, I always thought the Nitty Gritty Dirt Band was the originator of this song. Wrong. 

This is another song that begs the question: do men/women write these songs, or are some songs delivered by angels?

Mr Bojangles, Jerry Jeff Walker