Crude Oil Is Dead! Long Live Crude Oil -- Global Crude Oil Demand On Pace To Set All-Time Record By Next Year (2022) -- April 19, 2021

From Rigzone: global oil demand is predicted to jump six percent in 2021. That's this year. And the increase in demand only gets bigger in the out years.

• for all of 2021: an average of 95.4 million bopd
• April, 2021: should hit 93 million bopd
• May, 2021: should hit 94 million bopd
• June, 2021: 95.8 million bopd
• 3Q21: 96.8 million bopd
• 4Q21: 98.3 million bopd
• 2022: 99.4 million bopd (see below -- this gets us back to the all-time record set in 2019)
  

Statista global oil demand, historical data here and projected data here, all in million bopd:

• 2026: 104.1
• 2025: 103.2
• ....
• 2022: 99.4 (next year will be back to the all-time record set in 2019)
• 2021: 96.5
• 2020: 91
• 2019: 99.7 (an all-time record at that point)
  

CEIC historical data here for the us, through 2019:

• 2019: 19.400 million bopd
• 2018: 19.427 million bopd (appears to be the record)
• 2017: 18.883 million bopd
• .....
• 2012: 17.594 million bopd (the low point since 2008)

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Airline Update

American Airlines will triple the number of seats to Billings, MT, this year. 

The carrier will have triple the number of seats this summer to Billings, Mont., compared with 2019. St. Thomas in the U.S. Virgin Islands will be up 150%. Cancún—already a big destination—will be 36% bigger than 2019, Mr. Znotins says.

Link here.

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Not Sure What This Might Mean

Our younger daughter received this message from her health care insurer / provider: she was twenty-two years overdue for her Covid-19 vaccine.

Who knew?