"US domestic oil production climbing to 6.61 million b/d, a 17 year high;

[rsweets]

and gasoline consumption falling 2.7 percent to 8.5 million b/d."

http://www.democraticunderground.com/?com=post&forum=1129&pid=486
http://www.energybulletin.net/stories/2012-10-29/peak-oil-review-oct-29

[tama]

1. Is that 2,7 fall year to year? Or what time span?

For background, it's been a good drop from the peak: "U.S. gasoline consumption peaked in 2007 at 9.3 million bbl/d ".

http://www.treehugger.com/fossil-fuels/us-gasoline-consumption-drops-85-million-barrelsday-during-first-quarter-2012.html

[rsweets]

3. not real clear on that .. here is what they say

The overall US oil situation remains bearish with the government reporting a 5.9 million barrel increase in US crude stocks the week before last to a 30-year high; US domestic oil production climbing to 6.61 million b/d, a 17 year high; and gasoline consumption falling 2.7 percent to 8.5 million b/d.

Gasoline futures ended 10 straight days of falling prices on Thursday, the longest losing streak in 26 years, as the hurricane approached. After dropping some 40 cents a gallon, on lower demand, the “hurricane premium” sent prices back up about 10 cents.

Natural gas prices also reacted to the threat of Hurricane Sandy by falling to their lowest level in 3 weeks of $3.40 per million BTUs in anticipation that widespread power outages along the East coast will result in lower demand this week. An increase in natural gas inventories by 67 million cubic feet helped with the price decline. This is the highest inventory level ever at the start of the winter heating season and long term temperature forecasts are mixed adding to the volatility.

[pscot]

2. Drill, baby! Drill!