the lower the WTI price, the higher the US domestic production, why?

[upstar]

looking at the EIA data,

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W

seems like the lower the WTI price, the higher the US domestic production, why is that?

 

[xandman]

I would like to see the relevant sales data. Kinda have an inkling of what's going into storage. Cushing is filling up and I have yet to see a big move on storage plays.

One of my plays broke out but I think it's falling back into a range.

 

[Banjo]

http://www.zerohedge.com/news/2015-...s-crude-production-soar-just-storage-runs-out

http://finance.yahoo.com/news/u-refiners-turn-tanker-trucks-040352306.html?l=1

 

[markettimer]

Alternative explanation: The higher the US domestic production, the lower the WTI price (i.e., you reversed causality in the title).

 

[Banjo]

http://www.reuters.com/article/2015...2U20150323?feedType=RSS&feedName=businessNews