Outrun Change

We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.

March oil production in North Dakota increases 12K bopd

The preliminary March production info is in – average daily production increased to 1,190,538 bopd from a very slightly revised 1,170,082 bopd in February. That increase of 12,501 bopd essentially offsets the decrease of 13,116 bopd in February.

Here is a graph of current production on a long-term perspective:

5-15 oil prod 1990 to mar 15

The peak in December 2014 was 1,227,529 bopd. March 2015 production is a drop of 36,946 bopd.

Last few months look kinda’ sorta’ like a plateau, doesn’t it?

Take a look at the following production graph. Do you suppose that is the change that OPEC wanted to see when they decided to maintain production in order to crush the American shale sector?

 5-15 oil prod 2008 to mar 15

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: