Making America Great Again -- It Never Gets Old -- New Energy Record -- Crude Oil Production Highest In 44 Years -- T+275, October 23, 2017

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Title : Making America Great Again -- It Never Gets Old -- New Energy Record -- Crude Oil Production Highest In 44 Years -- T+275, October 23, 2017
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Making America Great Again -- It Never Gets Old -- New Energy Record -- Crude Oil Production Highest In 44 Years -- T+275, October 23, 2017

The Red Queen has not fallen off her treadmill. 

US petroleum product demand hits 10-year September peak -- API -- Oil & Gas Journal, data points:
  • US petroleum product demand averaged more than 20.2 million b/d in September, 2017
  • 2.4% more than a year earlier
  • gasoline deliveries fell 0.8% from a year earlier to an average 9.4 million b/d -- still, second-highest for the month on record
  • distillate fuel deliveries: averaged 4 million b/d; up 3.4% from a year earlier
  • crude oil production: robust; highest September in 47 years, since 1970; highest production level for any month in 29 months, since April, 2015
  • crude oil production: first nine months of 2017 -- averaged 9.1 million b/d; 2.9% more year-to-year and the second highest for the period in 44 years, since 1973
I do believe "Peak Oil" theory is pretty much in shambles. 


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