A recent declaration by a blogger that the US already has topped Saudi Arabia in total liquids output comes with even more asterisks than we wrote about last week. But it does add yet one more question about how to count barrels, which is probably going to be a major parlor game in coming years.
On a blog entitled Next Big Future, a blogger named Brian Wang looks at some data and reaches the conclusion that for at least now, the US already has become king of the production hill.
Here’s his math: he takes the latest weekly EIA report on supply. That shows US crude production in the week ended December 7 as 6.852 million b/d. He then adds to it another production number the US aggregates under the header of “Other Supply.” That total is 4.492 million b/d, and it includes 2.458 million b/d in NGL production. Crude plus “production” totals a rounded number of 11.34 million b/d.
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