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United States : Quaterly US Crude Oil Production vs. WTI Crude Price

Quarterly US Crude Oil Production vs. WTI Crude Price 7.5 7.2 140 6.9 126 6.6 112 6.3 98 6.0 84 5.7 70 5.4 56 5.1 42 4.8 28 4.5 14 2004 2005 Source: EIA Short-Tem Energy Outlook 201203. 201304 are Forecasts US Production WTI Price Production - Million Barrels / Day 1993 1994 1995 966 1997 1998 666L 2000 2001 2002 2003 9007 2007 2008 2010 2011 2012 2013 6007 USD / Barrel Quarterly US Crude Oil Production vs. WTI Crude Price 7.5 7.2 140 6.9 126 6.6 112 6.3 98 6.0 84 5.7 70 5.4 56 5.1 42 4.8 28 4.5 14 2004 2005 Source: EIA Short-Tem Energy Outlook 201203. 201304 are Forecasts US Production WTI Price Production - Million Barrels / Day 1993 1994 1995 966 1997 1998 666L 2000 2001 2002 2003 9007 2007 2008 2010 2011 2012 2013 6007 USD / Barrel

United States : Quaterly US Crude Oil Production vs. WTI Crude Price

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U.S. Crude Oil and Liquid Fuels Growing domestic crude oil production has contributed to lower crude oil imports (see This Week in Petroleum, March 20, 2013). At 8.5 million bbl/d, U.S. crude oil g... ross imports in 2012 were the lowest for any year since 1997. EIA expects that U.S. crude oil production will exceed U.S. crude oil gross imports as early as the end of 2013, the first time this will have occurred since February 1995. U.S. Liquid Fuels Consumption Total liquid fuels consumption fell from an annual average of 20.8 million bbl/d in 2005 to 18.6 million bbl/d in 2012. Total liquid fuels consumption grows only slightly in this forecast, increasing by 60,000 bbl/d (0.3 percent) in 2013 and by 30,000 bbl/d (0.2 percent) in 2014. Distillate fuel oil consumption, which fell by 160,000 bbl/d in 2012, increases at an average annual rate of 50,000 bbl/d in 2013 and 20,000 bbl/d in 2014. Distillate fuel consumption growth is driven by increases in industrial output and winter weather in the Northeast, which is forecast to be colder in comparison with the mild winter months during 2012. The other source of liquid fuels consumption growth is liquefied petroleum gases (LPG); this forecast reflects continued growth in petrochemical activity and assumptions of normal weather compared to the mild winter of the previous year. LPG consumption increases by 50,000 bbl/d in 2013 and a further 10,000 bbl/d in 2014. Motor gasoline and jet fuel consumption remain relatively flat in 2013 and 2014, as increasing travel is offset by fuel economy improvements. Source : U.S. Energy Information Administration : Short-Term Energy and Summer Fuels Outlook http://www.eia.gov/forecasts/steo/report/us_oil.cfm

United States : Quaterly US Crude Oil Production vs. WTI Crude Price

United States : Quaterly US Crude Oil Production vs. WTI Crude Price

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