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Simple question on US oil supply/consumption or fuzzy math?

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Simple question on US oil supply/consumption or fuzzy math?

Unread postby readmnweep » Thu 05 Oct 2006, 12:26:05

From the latest EIA data, the US produces around 5 mbpd (million barrels per day) of crude oil and imports around 10 mbpd. From research, the US consumes more than 20 mbpd. Can someone explain to me, where the extra 5 mbpd comes from?
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Re: Simple question on US oil supply/consumption or fuzzy ma

Unread postby joewp » Thu 05 Oct 2006, 15:48:34

It's in the Weekly Petroleum Status Report... um, every week: :)
$this->bbcode_second_pass_code('', 'Crude Oil Input to Refineries 15,773 13,974 12.9 15,276 15,431 -1.0

Other Supply
Natural Gas Liquids Prod. (4) 2,371 1,897 25.0 2,209 2,141 3.2
Other Liquids New Supply 263 -14 1978.6 41 68 -39.7
Crude Oil Product Supplied 0 0 0.0 0 0 0.0
Processing Gain 1,014 853 18.9 996 995 0.1
Net Product Imports (5) 2,112 3,157 -33.1 2,348 2,091 12.3
Gross Product Imports (5) 3,305 3,976 -16.9 3,574 3,290 8.6
Product Exports (5) 1,193 819 45.7 1,225 1,200 2.1
Prod Stocks W/D or Added (6)(7) -872 230 -- -271 -82 --

Total Prod Supplied for Domestic Use 20,662 20,097 2.8 20,600 20,643 -0.2

')
Weekly Petroleum Status Report

The first column of numbers is the last 4 week moving average.
So the majority comes from NG liquids and net product imports.
Joe P. joeparente.com
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
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Re: Simple question on US oil supply/consumption or fuzzy ma

Unread postby readmnweep » Thu 05 Oct 2006, 22:27:14

Thanks for the info. The EIA report(s) tell it all! All too much for what I need to know. That's why I'm classified as COAL.
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