The U.S. Is Pumping Oil Faster Than Ever

[BlindBoo]

No we aren't.

2023 is on pace to be the best production year but not by a whole lot.

Please back up your statement with data,

The 12 months prior to the pandemic effect was probably greater than the last 12 months but not by a whole lot

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

If the current trend continues OPEC+ will need to cut more production.

 

[surada]

Despite Tater.

No president controls oil production or the price per barrel.

 

[surada]

2023 is on pace to be the best production year but not by a whole lot.

The 12 months prior to the pandemic effect was probably greater than the last 12 months but not by a whole lot

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

If the current trend continues OPEC+ will need to cut more production.

Well, Iranian production is booming and there's new oil production onshore in Turkey and offshore Guyana.

 

[marvin martian]

We are pumping more oil now than ever before

Shut up

I LOVE seeing leftists who used to claim climate change was caused by fossil fuels now enthusiastically sucking Big Oil dicks on behalf of their cult leader.

Your "global warming" argument is totally and irretrievably lost.

This is GOLD!

 

[366h34d]

Everybody knows Covid was the reason for the drop in demand in 2020. Only those who want to Blame Biden ignore the fact that the Covid implosion is the impetus for most of of economic rollercoaster since.

Yes, Orange Man is bad; c'mon man, we were talking about oil production in 2020. It is 2023 now

 

[Markle]

How much oil did Trump release from the strategic reserves?

Check it.

 

[Markle]

We are producing ON AVERAGE 12.8 m barrels per day.

During the Trump years oil production PEAKED ( that’s not an average) at 13

We are also producing much more oil from Federal lands now than during any part of the Trump Admin

Precious little to do with our ENERGY INDEPENDENCE. Try again.

 

[elektra]

Would you support nationalizing the oil industry to keep the private companies from exporting "our" oil?

would you support building pipelines so that we do not have to nationalize our oil.

 

[elektra]

US oil has always been more expensive than OPEC because we have the highest production costs in the world.

making us the people who set the world price

 

[elektra]

Hey jackass, we do NOT set the world price of oil. Most decidedly not.

Supply and demand sets it. And when a major producer like SA cuts production that drives prices up.

we use the most supply which means we set the demand

we control the money supply which oil is traded with

the oil is traded on our stock market

we make the rules and regulations affecting the price

we sanction countries, buying or denying oil

we change our energy policy to make oil more expensive and we force other countries to follow our policiy

If supply and demand were the only two factors effecting oil, I would agree, but they are not

 

[Lesh]

we use the most supply which means we set the demand

we control the money supply which oil is traded with

the oil is traded on our stock market

we make the rules and regulations affecting the price

we sanction countries, buying or denying oil

we change our energy policy to make oil more expensive and we force other countries to follow our policiy

If supply and demand were the only two factors effecting oil, I would agree, but they are not

Nope. Supply is being curtailed by SA and Russia.

That has a major effect on price

 

[Harpy Eagle]

would you support building pipelines so that we do not have to nationalize our oil.

What do pipelines have to do with exporting oil?

 

[surada]

making us the people who set the world price

Nope... Making domestic producers the first to suffer when the price goes down. In fact, when the price goes down US production suffers and slows down.

 

[elektra]

Nope. Supply is being curtailed by SA and Russia.

That has a major effect on price

and in response we have not increased our production nor changed our energy policy having a larger effect on price

so much we could do, if we dump wind and solar energy the price of oil will drop

 

[elektra]

What do pipelines have to do with exporting oil?

we can not move oil or natural gas to regions in the usa that need oil and gas, hence any excess oil is exported.

In the Northeast we are not allowed additional pipelines, I guess you have not heard that Biden is killing more than one pipeline

 

[BlindBoo]

Yes, Orange Man is bad; c'mon man, we were talking about oil production in 2020. It is 2023 now

Trumpyberra had very little to do with Covid, US Oil Production levels, or the price of oil on the world market during the initial phase of the pandemic. Biden has none in 2020. But do continue to pigeon hole....... US oil production is finally reaching the 13mbd mark again, as predicted in 2021. Energy production is at or near all time high in all sectors including wind and solar, except for Coal I believe. The overall policy changed in 2008. Both candidate supported forms of Drill Baby Drill. Biden can't change the laws Congress passed. He paused them as long as he could but that didn't stop the Oil Patch they had plenty of prospects and a limited number of rigs.

"Up to the early 1950s, the United States produced most of the energy it consumed.1 U.S. energy consumption was higher than U.S. energy production in every year from 1958–2018. The difference between consumption and production was met by imports, particularly crude oil and petroleum products such as motor gasoline and distillate fuel oil. Total energy imports (based on heat content) peaked in 2007 and subsequently declined in nearly every year since then. Increases in U.S. crude oil and natural gas production reduced the need for crude oil and natural gas imports and contributed to increases in crude oil and natural gas exports. The United States has been a net total energy exporter—total energy exports have been higher than total energy imports—since 2019."

U.S. energy facts - imports and exports - U.S. Energy Information Administration (EIA)

U.S. energy imports and exports since 1950.

www.eia.gov

 

[BlindBoo]

and in response we have not increased our production

Contrary to known reality. Production has been increasing since the 2020 pandemic knocked production down a couple of million barrels a day.

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

if we dump wind and solar energy the price of oil will drop

NFL. But you'd be right at home in the Lone Star State's Neo-GOP.

Oil-rich Texas produces more wind power and, soon, more solar power than anywhere else in the country. Now state lawmakers want to cut renewable power off at the knees.

 

[Lesh]

and in response we have not increased our production nor changed our energy policy having a larger effect on price

so much we could do, if we dump wind and solar energy the price of oil will drop

But we HAVE increased our production.

Fail junior

 

[surada]

and in response we have not increased our production nor changed our energy policy having a larger effect on price

so much we could do, if we dump wind and solar energy the price of oil will drop

We're drilling deeper for oil these days.. Don't you think it's a good idea to have diverse sources of energy?

 

[marvin martian]

But we HAVE increased our production.

Fail junior

Is increased fossil fuel drilling a good thing?