1. The EIA has Texas crude oil production (including natural gas liquids) at 57 million barrels for June 2012. This is 1.9 million barrels per day Texas is at the highest production in 22 years.
2. Iraq oil exports averaged 2.565 million barrels per day in August. Iraq oil production currently averaged around 3.2 million barrels per day. This is the highest level in 30 years.
3. Global oil supply grew by 0.3 mb/d m-o-m to 90.7 mb/d in July, with non-OPEC generating 60% of the increase. Global oil output stood 2.6 mb/d above year-ago, with 80% of the increase from OPEC crude and NGLs. Summer maintenance reduced 2Q12 non-OPEC growth to 0.5 mb/d, but output should grow by 0.7 mb/d in 2013. The 90.7 million barrels per day is the highest production of crude and oil liquids.
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Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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