The EIA’s Short Term Energy Outlook is out. The data is in million barrels per day. Not much has changed in the EIA’s projection since last month, however their projection for the remainder of this year and next year has increased slightly. The EIA has Non-OPEC total liquids peaking, so far, in 2015. They have Non-OPEC liquids dropping .58 Mbd in 2016 and another .24 Mbd in 2017. The EIA has US C+C production dropping sharply through August then leveling out for the remainder of the next two years. All gain in the next year and a half will come from the Gulf of Mexico, or that is what the EIA expects. The spikes lower in August, September and October are the EIA making their expectations of what the hurricane season will bring. The EIA expects Alaska to continue to decline, though slowly. The EIA sees US lower 48 […]