<The Megaproject update The Oil Drum Critiquing the 2006 Megaprojects report>

28 comments on Taking a look at the First Quarter graphs

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Darwinian on April 6, 2006 - 8:32am Permalink | Subthread | Comments top
Using the same site, the EIA's "This Week In Petroleum" I have kept data on US crude production, plus US crude imports, plus US gasoline imports plus US distillate imports. A ten week running average of the total of these four, last August 26th, before Katrina, was running 17,125,000 barrels per day. Yesterday's data, for week ending March 31s, found the ten week running average for these four totaling 16,375,000 barrels per day. That is an average drop of 750,000 barrels per day from last August.

What's happening to those barrels? Where did they go?

Ron Patterson

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Biologyfool on April 6, 2006 - 11:48am Permalink | Subthread | Parent | Comments top
You're comparing imports in mid Jun-Aug with imports from mid Jan-Mar?  Where did they go?  How about they just weren't needed (less driving in the winter).  I think you should compare it to last Jan-Mar.
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Darwinian on April 6, 2006 - 12:49pm Permalink | Subthread | Parent | Comments top
You are right but we are still way down. The same 10 week period last year gives us a figure of 16,747,000 barrels. So for the past ten week period this year we have used 372,000 barrels per day less than we used during the same 10 week period last year. (US crude production + US crude imports + US gasoline imports + US distillate imports)

Where did all those barrels go, especially in light of the fact that inventories in all three are well above those of the same period last year?

If we are still using the same amount of gasoline and other products as last year, that is a real poser.

Ron Patterson
Pensacola, Fl.

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jkissing on April 7, 2006 - 10:59am Permalink | Subthread | Parent | Comments top
Part of the reasons inventories are high is 15mmb post K/R crude loans from spr and product loans from overseas. I would appreciate invormation regarding when these loans need to be repaid.
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28 comments on Taking a look at the First Quarter graphs

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