The U.S. Is Pumping Oil Faster Than Ever

[surada]

Drill, baby, drill!

The U.S. is pumping oil faster than ever. Republicans don’t care.​

​

The GOP narrative has a major hole: U.S. oil production — already the highest in the world — is on track to set a new record this year, and will probably rise even more in 2024. But the ever-increasing flow of U.S. crude has failed to keep a lid on gasoline prices, showing once again that a global market drives the fuel prices that shape presidents’ political futures.

And that means events far beyond the nation’s borders will play a sizable role in voters’ verdict on “Bidenomics” — as global oil prices rise and fall in response to banking conditions in Europe, China’s slumping real estate market, Vladimir Putin’s war in Ukraine and the latest maneuvers by Saudi Arabia.

[snip]

U.S. oil production is forecast to average an all-time high of 12.8 million barrels a day this year and keep growing to 13.1 million in 2024, the federal Energy Information Administration said in its latest forecast.




This reality has not stopped dishonest Republicans from lying:


In one campaign ad, former Vice President Mike Pence pretends to fill his pickup truck and blames Biden’s energy policy for “causing real hardship” for Americans, while ex-South Carolina Gov. Nikki Haley has vowed to bring oil production back to the United States.

And Sen. Tim Scott (R.-S.C.) railed last month on the Biden administration, which he asserted “has shut down energy production in America.”

“Why won’t this President tap into our abundant energy resources here at home and bring down prices at the pump?” he asked.

In fact, though, oil production from federal lands and waters has risen on Biden’s watch, reaching past 3 million barrels per day last year. The high mark during President Donald Trump’s term was 2.75 million barrels a day.

Such obvious lies.

 

[surada]

You proved you're a super Idiot!

Surada listed highly successful US engineers working in Arabia. He wasn't speaking of Muslims worshiping in mosques.

She.. not he.

 

[BlindBoo]

/—-/ So is Commie Harris going to continue Joe’s policy or Trump’s?

More drilling, more LNG, and more renewables? Probably for the foreseeable future.

 

[initforme]

If we are pumping more oil faster then where is the extra going? Offshore? Pathetic.

 

[Jim H - VA USA]

If we are pumping more oil faster then where is the extra going? Offshore? Pathetic.

It ain't going to the SPR as promised by Biden, even though things are getting hot in the Middle East....

Source:

U.S. Ending Stocks of Crude Oil in SPR (Thousand Barrels)

 

[Toddsterpatriot]

If we are pumping more oil faster then where is the extra going? Offshore? Pathetic.

We refine it and make big profits.

 

[Robert W]

We refine it and make big profits.

Thanks to Biden profits are soaring.

 

[initforme]

We refine it and make big profits.

It should all stay here if we need it.

 

[Toddsterpatriot]

It should all stay here if we need it.

You should pass a law.

 

[BlindBoo]

If we are pumping more oil faster then where is the extra going? Offshore? Pathetic.

• Crude oil exports
  The U.S. exported 4.06 million b/d of crude oil, which was a record high. The top destinations for U.S. crude oil exports were Mexico, China, the Netherlands, Canada, and Japan.
• Petroleum imports
  The U.S. imported 6.48 million b/d of petroleum, with the top sources being Canada, Mexico, Saudi Arabia, Iraq, and Brazil.
  
  

The U.S. has been a net exporter of petroleum since 2020, the first time since at least 1949. The U.S. has been a net exporter of primary energy since 2019.

 

[John Edgar Slow Horses]

Thank you, President Biden.

• Crude oil exports
  The U.S. exported 4.06 million b/d of crude oil, which was a record high. The top destinations for U.S. crude oil exports were Mexico, China, the Netherlands, Canada, and Japan.
• Petroleum imports
  The U.S. imported 6.48 million b/d of petroleum, with the top sources being Canada, Mexico, Saudi Arabia, Iraq, and Brazil.

 

[elektra]

Thank you, President Biden.

• Crude oil exports
  The U.S. exported 4.06 million b/d of crude oil, which was a record high. The top destinations for U.S. crude oil exports were Mexico, China, the Netherlands, Canada, and Japan.
• Petroleum imports
  The U.S. imported 6.48 million b/d of petroleum, with the top sources being Canada, Mexico, Saudi Arabia, Iraq, and Brazil.

If we thank Biden fir ever ports we must thank Biden for $5 a gallon gasoline.

 

[RGR]

If we thank Biden fir ever ports we must thank Biden for $5 a gallon gasoline.

I just paid less than $3/gal multiple times driving across Kansas and Colorado today. So if you want me to thank Biden...okay....but I think market prices are determined by far more than whatever dementia addled geriatric during the past two administrations happened to be sitting behind the Resolute desk.

 

[John Edgar Slow Horses]

We paid $2.29 a gallon in Nevada yesterday.

 

[elektra]

I just paid less than $3/gal multiple times driving across Kansas and Colorado today. So if you want me to thank Biden...okay....but I think market prices are determined by far more than whatever dementia addled geriatric during the past two administrations happened to be sitting behind the Resolute desk.

I drove across the same area, took pics of the gas prices. Yes, 85 octane gas is less than $4 i never knew 85 octane existed.

The price of gas in Utah for instances ...

 

[elektra]

I just paid less than $3/gal multiple times driving across Kansas and Colorado today. So if you want me to thank Biden...okay....but I think market prices are determined by far more than whatever dementia addled geriatric during the past two administrations happened to be sitting behind the Resolute desk.

On October 4th, I paid $3.90 in Colorado

 

[Jim H - VA USA]

$3/gal gas was crazy expensive just four years ago.

Now it's the new normal, thanks to Biden and Harris.

Democrats destroy everything. They would do less harm if they would do nothing.

 

[elektra]

$3/gal gas was crazy expensive just four years ago.

Now it's the new normal, thanks to Biden and Harris.

View attachment 1029382

Democrats destroy everything. They would do less harm if they would do nothing.

Gas is 4 dollars to 5 dollars, at the least. From Colorado to California, which is where the largest amount consumed.

Who cares if the low consumption areas have a lower price. We are suffering.

 

[John Edgar Slow Horses]

Under $2.30 for us in Nevada a few days ago.

 

[initforme]

So how do we lower gas prices? Drill more and export less. But of course the latter won't happen.