Thursday, December 27, 2018

US Oil


The US continues to consume about 20 million barrels of oil per day, but is increasing US production. US oil production was 9.4 million b/d in 2017, 10.9 million b/d in 2018 and is expected to hit 12.1 million b/d in 2019.

The U.S. Energy Information Administration (EIA) includes biofuels in consumption of petroleum products. In 2017, the United States consumed a total of 7.28 billion barrels of petroleum products, an average of about 19.96 million barrels per day.

EIA expects that U.S. crude oil production will average 10.9 million b/d in 2018, up from 9.4 million b/d in 2017, and will average 12.1 million b/d in 2019.

Norb Leahy, Dunwoody GA Tea Party Leader

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