2012 Crude Trade Within the Americas
February 9, 2014 | Energy Information Administration
The Energy Information Administration recently published their annual Liquid Fuels and Natural Gas in the Americas report. It includes the map below showing the flow of crude oil within the Americas during 2012.
Rising USA Crude Production
January 10, 2013 | Energy Information Administration
"EIA estimates U.S. total crude oil production averaged 6.4 million barrels per day in 2012, an increase of 0.8 million bbl/d from the previous year. Projected domestic crude oil production continues to increase to 7.3 million bbl/d in 2013 and 7.9 million bbl/d in 2014, which would mark the highest annual average level of production since 1988." Quoted from the Energy Information Administration U.S. Crude Oil and Liquid Fuels report.
Shale Oil Helped Depress Iranian Exports
November 11, 2013 | Bloomberg Businessweek
An article in Bloomberg Businessweek suggests that the abundance of new crude oil being generated from shale helped pressure Iran into negotiations on nuclear weapons. Iran's oil exports have fallen from about 2.5 million barrels per day to a little over 1 million and the country is in need of income. Oil from shale has helped bridge that demand without market disruptions.