I had intended to grade my 2018 energy predictions before now, but one of them wasn’t decided until the last day of the year. But after the stock market closed on December 31st, I was finally able to grade the five energy predictions I made at the beginning of the year. I was correct on four predictions, and barely missed on the fifth. Here are the details. The U.S. will break its all-time oil production record In October and November of 1970, monthly U.S. oil production exceeded 10 million barrels per day (BPD) for the first time. In the next 47 years, monthly production never again reached that level. But that record has now fallen. Funny enough, the record had already been broken when I made this prediction, it just hadn’t been announced yet. Early in 2018, the Energy Information Administration (EIA) announced that the previous monthly record for […]