RE:RE:down, but still over 46d_trump wrote:
One concern I have with reaction to this morning's EIA data is that Alaska is likely to bounce back (last week Alaska production declined by 152), so overall US production will likely rise. Hopefully the focus will be on lower 48 production because Alaska is prone to dramatic swings.
looks to be the case - production is UP sharply this week, however it is solely due to the bounce in Alaska. Lower 48 is down modestly (14,000) and that is the number people should be focussing on.