October, 2017, US Crude Oil Production Data To Be Released Later This Week -- Richard Zeits -- December 26, 2017

EIA to report US crude oil production for October, 2017, at the end of the week. Richard Zeits forecast and my comments:

• 9.45 million bopd; above the 9.28million bbls/day implied by the EIA's weekly estimates
• Zeits reminds us that October, 2017, production was strongly impacted by Hurricane Nate
• Zeits again wades into the controversy regarding EIA forecasts
• oil peak folks think the EIA is overly bullish
• Zeits thinks EIA may be under-estimating the oil industry
• the best "news": unless I missed it, Zeits did not mention rig count; CNBC was still emphasizing rig count as the best way to measure/forecast US crude oil productivity