{"id":5623,"date":"2014-09-28T22:47:25","date_gmt":"2014-09-29T04:47:25","guid":{"rendered":"http:\/\/www.regiontrack.com\/www\/?p=5623"},"modified":"2014-09-28T22:47:25","modified_gmt":"2014-09-29T04:47:25","slug":"pic-of-the-week-u-s-crude-output-growing-4x-faster-than-nat-gas-09292014","status":"publish","type":"post","link":"https:\/\/www.regiontrack.com\/www\/pic-of-the-week-u-s-crude-output-growing-4x-faster-than-nat-gas-09292014\/","title":{"rendered":"Pic-of-the-Week: U.S. Crude Output Growing 4X Faster than Nat Gas (09\/29\/2014)"},"content":{"rendered":"

U.S. Crude Output Growing Four Times Faster than Natural Gas<\/strong>. The pace of growth in U.S. crude\u00c2\u00a0oil\u00c2\u00a0output is\u00c2\u00a0nothing short of remarkable. Oil output has risen at a 16.1% annualized pace since\u00c2\u00a0the beginning of the current cycle in\u00c2\u00a0July 2011. Total oil production is up almost 60% in three short years. Our pic-of-the-week shows that oil is also growing four times faster than\u00c2\u00a0the 4% annual growth rate of natural gas output since its cycle began in January 2006. For comparison, natural gas output is up roughly 40% in 8+ years.<\/p>\n

<\/p>\n

\"potw_1_20140929\"<\/a><\/p>\n

It is worth noting that some choose to date the beginning of the current crude oil cycle back to early 2009. While we think this is a bit too early, the growth rate remains at a brisk 8.0% annual pace, twice the rate of growth in natural gas.<\/p>\n

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\n[email_link]\n","protected":false},"excerpt":{"rendered":"

U.S. Crude Output Growing Four Times Faster than Natural Gas. The pace of growth in U.S. crude\u00c2\u00a0oil\u00c2\u00a0output is\u00c2\u00a0nothing short of remarkable. Oil output has risen at a 16.1% annualized pace since\u00c2\u00a0the beginning of the current cycle in\u00c2\u00a0July 2011. Total oil production is up almost 60% in three short years. Our pic-of-the-week shows that oil is…<\/p>\n","protected":false},"author":1,"featured_media":5624,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[13,1],"tags":[72],"post_series":[],"class_list":["post-5623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pic-of-the-week","category-uncategorized","tag-oil-and-gas","entry","has-media"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t