Between 6 January 2023 and 29 December 2023, what will be the highest four-week average of US field production of crude oil?
Closed Dec 29, 2023 11:00PM UTC
Oil prices have fallen from historic highs reached after Russia's invasion of Ukraine, but the Biden administration is pushing for more domestic production (Axios, US News & World Report, NASDAQ). 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" between 6 January 2023 and 29 December 2023 to count. On 6 December 2022, the EIA forecasted domestic production would increase to 12.34 million barrels per day in 2023 (EIA Short-term Energy Outlook - December 2022).
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The question closed "More than 13,200 thousand b/d" with a closing date of 29 December 2023.
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Possible Answer | Correct? | Final Crowd Forecast |
---|---|---|
Less than 12,000 thousand b/d | 0% | |
Between 12,000 and 12,400 thousand b/d, inclusive | 0% | |
More than 12,400 but less than 12,800 thousand b/d | 0% | |
Between 12,800 and 13,200 thousand b/d, inclusive | 72% | |
More than 13,200 thousand b/d | 28% |
Crowd Forecast Profile
Participation Level | |
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Number of Forecasters | 46 |
Average for questions older than 6 months: 206 | |
Number of Forecasts | 454 |
Average for questions older than 6 months: 585 |
Accuracy | |
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Participants in this question vs. all forecasters | average |