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Tuesday, April 24, 2018

Permian Basin -- Staggering -- Bloomberg -- April 24, 2018

Data points from Bloomberg:
  • growing into the largest oil patch in the world
  • will hit record production in May, 2018 (3.2 million bopd)
  • will produce more than 5 million bopd by 2020 (previously reported; another source)
  • Saudi Arabia, Iran, Iraq, the Permian now
  • Saudi Arabia, the Permian, Iran, Iraq by the end of the year
  • Iran and Iraq each produce less than 5 million bopd
  • Iran: produced about 3.81 million bopd in March, 2018
Too bad it's the wrong kind of oil. LOL.  

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