The United States is producing more oil than any country in history | CNN Business
www.cnn.com
As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue he’s already doing that. Meanwhile, the surprising reality is the United States is pumping oil at a blistering pace and is on track to produce more oil than any country has in history.

As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue he’s already doing that. Meanwhile, the surprising reality is the United States is pumping oil at a blistering pace and is on track to produce more oil than any country has in history.

The United States is set to produce a global record of 13.3 million barrels per day of crude and condensate during the fourth quarter of this year, according to a report published Tuesday by S&P Global Commodity Insights.

Last month, weekly US oil production hit 13.2 million barrels per day, according to the US Energy Information Administration. That’s just above the Donald Trump-era record of 13.1 million set in early 2020 just before the Covid-19 crisis sent output and prices crashing.

That’s been helping to keep a lid on crude and gasoline prices.

  • reddig33@lemmy.world
    4·
    6 months ago

    Ten percent is still a nice chunk. Especially for just getting started. Add in hybrids to that, and it’s even better.

    • gregorum@lemm.eeEnglish
      2·
      6 months ago

      I’m not trying to impugn the progress made with EVs, I’m just saying that we’re not really there in terms of ending our dependence on oil as a fuel source.