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EIA: Ethanol production holds relatively steady in December

By Erin Voegele | January 07, 2013

The U.S Energy Information Administration’s weekly ethanol plant production statistics show that ethanol production dropped off slightly during the final week of 2012, to 807,000 barrels per day. U.S. ethanol plants produced an average of 834,000 barrels per day the prior week. The four-week average was 822,000 barrels.

When compared to prior years, the four-week average was down slightly.  The four-week average for the final week of 2011 was 952,000 barrels. In 2010, the four-week average for the final week of December was 920,000 barrels.

Ethanol imports during the week of Dec. 28 increased, to 87,000 barrels per day. The week prior the EPA reported average daily imports of 26,000 barrels. The four-week average for ethanol imports was 41,000 barrels per day.

The four-week average daily import level increased compared to prior years. During the last week of 2011, the average daily import level was 13,000 barrels. In 2010, it was zero. 

 

 

1 Responses

  1. Renata

    2013-01-17

    1

    1. A million pepole in North Dakota by 2030 and a million barrels of oil per day by 2015 are possible, according to one major oil executive. (ht/BakkenBlog News)How does this happen when a well that is two years old is producing less than 100 bpd and still has a high depletion rate? And if you believe this Mark then why aren't you investing half your net worth in the shares of drillers? Or opening up your own drilling company?And let me point out that this was the same CEO who claimed that the tight supply and high cost of additional drilling rigs, equipment, employees and oil field services could have a harsh effect on the company to meet its goals as budgeted. 2. You've never seen anything like this North Dakota Oil Boomtown (in photos), from Business Insider. LOL...Of course we have. Some of us have been to Wood Buffalo and have seen some very large developments take place. If you are interested in a very large recent development look no further than the Oyu Tolgoi copper-gold project in Mongolia. If you have ever wondered why a modern mine demands so much power to run, just look at the SAG (semi-automatous grinding) and the ball mills. Then imagine those loaded with many tonnes of rock and spinning away 24 hours a day, not to mention the myriad of other huge pieces of machinery at the facility. Not only do these projects require the construction of power plants, tail ponds, crushers, huge conveyor belts, and some monster machines that do the excavation and transport of rock they also require flotation tanks, concentrators, as well as brand new roads that will take the product to market. The activity in ND is nothing new. What is new is the level of investment given the negative cash flows and small returns.

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