This is a post on the EIA Short Term Energy Outlook March 2015 (STEO). The following graph shows total US crude production according to EIA statistics until Feb 2015 and then a forecast until Dec 2016. A clear kink in the production curve can be seen in the 2 nd quarter of 2015. An increase of production is only expected by the end of 2016 following a recovery of oil prices to a $70 range. Fig 1 US crude oil production by area Jan 2011 – Feb 2015 and forecast to Dec 2016 All data from here: http://www.eia.gov/forecasts/steo/outlook.cfm We see a 10 month time delay between the sharp drop in oil prices and the peaking of US crude oil production expected by EIA in May 2015. The main battle is fought in the tight oil fields of the lower 48 States (brown line) because Alaska (dark blue) and the […]