Locator: 50240OIL.
US oil production: from last October, 2025, well before the Iran war --
- this essay is already out of date
- but provides some great historical data
- link here; from a Brit's perspective;
- "ashamed" to have rented an SUV when visiting the states
- LOL: he loved the SUV
- everyone knows you can choose the exact size rental vehicle you want
- and driving a small subcompact all his life in England, loves a real car in the US.
Global oil demand: forecasts every year from 2022 (post-Covid); link here.
- social media: some comments -- they don't understand what the graph shows
- what the graph shows:
- IEA forecast:
- in 2022: the IEA predicted global demand would rise from 90 mbopd to 100.4 mbopd
- in 2023: demand would rise from 101.50 to 102.3
- in 2024: demand would rise from 103.1 to 103.4
- in 2025: demand would decline from 104.3 to 104.0
- in 2026: demand would rise from 104.3 to 104.8
- the greatest jump was from 2022 to 2023 (post-Covid effect)
- because of timing of prediction updates, the second largest jump in revision was last year, 2025;
- one can assume global demand for oil might actually drop in 2026 -- not because there's less demand but because there's less oil available going to India and China
- what jumps out at me:
- 2022: 99 million barrels of oil per day
- 2026: 105 million bbls of oil per day
CVX ticker: 52-week high, and not by just a little bit; up a strking 1.55% in early trading; up over $3 / bbl in early morning trading; still pays 3.6%; last month I thought I was overweight in energy; this month? I wish I had more. LOL.
