America Has Lost Its Oil Buffer

Re:America Has Lost Its Oil Buffer by crazytony on Saturday September 24, 2022 @03:00AM (#32960294)

Yeah. I did. I can apparently read and do simple math.

The monthly numbers for 2020 are: 12,852 12,842 12,797 11,914 9,713 10,442 11,006 10,577 10,921 10,457 11,196 11,169

which yields an average production of 11323.83333 thousand barrels a day for the year.

This year, production is the following: 11,369 11,316 11,701 11,668 11,615 11,816

which yields an average production of 11580.83333 thousand barrels a day for the year.

11580 (2022) is greater than 11323 (2020) by about ~22%.

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Re:America Has Lost Its Oil Buffer by google234123 on Sunday September 25, 2022 @03:10AM (#32969531)

I should have said beginning of 2020 or 2019 (e.g. before covid). Even the growth since Biden took office looks slower than before from the graph.

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