The EIA has just published their Petroleum Supply Monthly with US production, and other data, for July 2014. US C+C production fell by 3,000 barrels per day in July. After a big leap in April things have slowed down considerably in the last three months. US production in July was 8,537,000 barrels per day This is US production since 1920. We are just over 1.5 million barrels per day below the monthly high of 1,044,000 barrels per day of in November 1970. GOM Production Up or Down Total Production Total US -3,000 8,537,000 Texas 28,000 3,102,000 New Mexico 22,000 332,000 North Dakota 18,000 1,111,000 Oklahoma 10,000 353,000 Montana 5,000 332,000 California -4,000 442,000 West Virginia -7,000 17,000 Colorado -7,000 228,000 Gulf of Mexico -8,000 1,406,000 Alaska -63,000 422,000 The EIA expects the Gulf of Mexico to hit 2 million barrels per day i the next couple of years. I […]