The Oil Drum

I was invited to a blogger's conference call on April 1, hosted by the American Petroleum Institute (API). We were told that each blogger would be allowed to ask one question of Peter Robertson, Vice Chairman of the Board of Directors of Chevron Corporation. The material we were provided in advance was the written statement of Mr. Robertson, prepared for the House Select Committee on Energy Independence and Global Warming. It included a number of charts, including this one:

My question was, "How realistic is EIA's Chart 5 scenario? If you look at Chart 5, it looks like there is no need to conserve."

On Thursday, January 17, the American Petroleum Institute (API) hosted another Blogger Conference Call. The purpose of this call was to talk about 2008 US statistical data regarding oil supply, and various related issues. In this post, I provide insights from API's bloggers call. Since most of the numbers are fairly similar to EIA data, I also look at longer trends using EIA data.

1. API Statistical Report: In 2007, total domestic petroleum deliveries were flat--marking the third year in a row for which they experienced only minimal growth or outright decline.