Will any four-week average of US field production of crude oil exceed 12 million b/d in 2021?
Closed Jan 01, 2022 08:01AM UTC
US oil production fell a record 8% in 2020 during the COVID-19 pandemic (EIA, USA Today). The outcome will be determined using the "4-Week Avg U.S. Field Production of Crude Oil" data (which is displayed in thousands of barrels per day) as reported by the Energy Information Administration (EIA) (EIA). A weekly figure must have its "End Date" in 2021 to count. In June 2021, the EIA forecasted domestic production would reach an average of 11.38 million barrels per day (million b/d) in the fourth quarter of 2021 (EIA STEO June 2021, see Table 4a).
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The question closed "No" with a closing date of 1 January 2022.
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Possible Answer | Correct? | Final Crowd Forecast |
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Yes | 0% | |
No | 100.00% |
Crowd Forecast Profile
Participation Level | |
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Number of Forecasters | 65 |
Average for questions older than 6 months: 208 | |
Number of Forecasts | 349 |
Average for questions older than 6 months: 589 |
Accuracy | |
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Participants in this question vs. all forecasters | average |