161 comments on DrumBeat: December 21, 2007
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161 comments on DrumBeat: December 21, 2007
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GAIA Host Collective
It depends on the gravity of the crude. I don't know what the average number is for Russia. The advantage of using tons is that the weight before and after refining is pretty much the same, whereas the volume (barrels) increases after refining. However, when using barrels you don't have to worry about the API gravity.
In any case, are they talking about C+C or total liquids?
BTW, good article I had forgotten about, with pertinent quotes:
http://www.energybulletin.net/16745.html
Published on 3 Jun 2006 by Energy Bulletin. Archived on 3 Jun 2006.
Confessions of a statistician
by Sohbet Karbuz
(former head of Non-OECD Energy Statistics Section of the International Energy Agency)
NASAguy thanks a million for the link. Now I can answer Jeffery's question.
It is total liquids:
Ron Patterson
For what it's worth, I interpreted one of your excerpts incorrectly until I read it in context:
The ex-IEA guy isn't saying the EIA data is better than IEA data (which is how I originally interpreted it), but rather appears to be saying that EIA's monthly data is better than EIA or API's weekly data, but comes out much later.
Just a heads-up in case anyone misreads that like I did.
What are these conversion factors? Might they account for the divergence between EIA and IEA figures?