The EIA’s Monthly Energy Review just came out. They have the U.S. production numbers through December along with World, OPEC C+C, Non-OPEC and selected Non-OPEC nations through October. All EIA data is in thousand barrels per day. Notice: When I use the term “peaked” below, I am referring to the most recent peak, not the all time peak and not necessarily the final peak. United States C+C production peaked in April at 9,694,000 bpd and has dropped half a million barrels per day by December to 9,191,000 bpd. USA 2 Year Here is a 2 year chart of US production that gives an amplified look at what is happening. November and December production is now below November 2014 production. Non-OPEC C+C peaked in December at 47,207,000 bpd and dropped 763,000 bpd to 46,444,000 bpd by October. The above chart, I believe, clearly shows that Non-OPEC production is in a […]