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204 comments on DrumBeat: November 13, 2006

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Darwinian on November 13, 2006 - 11:48am Permalink | Subthread | Parent | Comments top
The chart above is grossely wrong. And it gives, as its source, the EIA. I think what they meant to show, with this chart, is millions of barrels per day. That would put it about right.

Ron Patterson

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Darwinian on November 13, 2006 - 11:51am Permalink | Subthread | Parent | Comments top
Correction

The chart would be about right, in millions of barrels per day, if you took the zero off numbers to the left of the chart.

Ron Patterson

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Hothgor on November 13, 2006 - 12:23pm Permalink | Subthread | Parent | Comments top
I think they forgot to add the . between the 3 and 0.  THAT puts it exactly right :)
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Darwinian on November 13, 2006 - 12:38pm Permalink | Subthread | Parent | Comments top
Yes, that is correct. I had it wrong also. It would not be correct if it were millions of barrels per day, it would be correct if it were billions of barrels per year divided by 10.

Ron Patterson

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Calorie on November 14, 2006 - 10:53am Permalink | Subthread | Parent | Comments top
The WSJ published a correction today (Tuesday, November 14, 2006), on Page A2:

Corrections & Amplifications

U.S. ANNUAL CRUDE OIL production in 2005 totaled 1.89 billion barrels. The scale of a chart of U.S. crude oil production accompanying yesterday's Ahead of the Tape column incorrectly overstated all of the output figures by a factor of 10.
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204 comments on DrumBeat: November 13, 2006

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