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Old 10-27-2021, 09:00 PM   #45
John Mercier
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The claims are documented.
The highest crude oil output was 13M/day during 2019 before the pandemic.
We haven't returned to that level... at least in production... but we have seen demand return. On average, US daily consumption is around 19M/day

For NG, the charts also show us at the highest production in US history, but we are also at the highest level of export in US history.

''Since mid-September 2020, wholesale propane prices at Mont Belvieu, Texas, the main U.S. hydrocarbon gas liquids (HGL) hub, increased to an average of $1.33 per gallon (gal) during the week ending September 24, 2021, the highest weekly average since February 2014. Wholesale propane prices have increased because of high international demand and low global propane supply. The United States exported an average of 1.3 million barrels per day (b/d) of propane in the first half of 2021, 100,000 b/d more than in the first half of 2020, despite relatively flat production and domestic consumption.''

So depending on how it is measured, the US is still energy independent, we just export more of our hydrocarbon output than we ever have before.

The flat production in natural gas should follow the increased production in crude oil, as higher prices create incentive to produce.
More wells being profitable at these escalated price levels.

How much will stay in the US? Hard to say.
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