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Sunday, September 15, 2019

It Will Be Interesting To See EIA Projections After Recent GeoPolitical Events In The Mideast When Some People Did Some Things -- September 15, 2019

From a January 28, 2019, post:
Meanwhile, from just earlier this month:
One year ago -- repeating, one year ago, the EIA saw American crude oil production averaging just less than 12 million bopd in 2042 -- 24 years from now (from 2018) -- this year, the EIA says "Never mind."

The US will likely produce 14 million bopd in 2020 -- next year. 
A year ago, January, 2018, the EIA forecast that the US would average 11.95 million bbls by 2042. By 2042. That's 20+ years from now. Now, one year later, January, 2019, the EIA forecasts the US will hit 14 billion bopd in 2022, and will top out at 14.53 million bopd in 2031.  
It will be interesting to see how the recent geopolitical events in Saudi Arabia will affect these projections. 

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