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Posted

US crude oil production jumps to record high of 13.3 million barrels per day

 

Quote
  • US oil production soared to a record 13.3 million barrels a day last week.

  • The surge in oil production comes amid heightened tensions in the Middle East.

  • A steady rise in US oil production has helped put a cap on prices, with the commodity down 8% in 2023.


Our Chart of the Day is from YCharts, which shows that US oil production has surged to a new record high of 13.3 million barrels a day last week.

The prior record was 13.2 million barrels a day hit in November, and is above the pre-pandemic high of 13.1 million barrels reached in February 2020.

America's steady rise in US oil production has helped put a cap on prices, with the commodity down 8% year-to-date even amid a flare-up in geopolitical tensions in the Middle East, and as the US economy remains on solid footing.

 

image.thumb.png.771c90f116cf8d5225aa5a97cb37e1f9.png

AKA, no need for "DICTATOR" Trump.

 

Posted

Impressive.  Not terribly environmentally friendly or anything but still :) 

Here's a better chart that shows the timeline

image.thumb.png.8966dca68dae1caa4b39fccb1bab29d6.png

I mean obviously it was about to hit that under trump when covid hit, but it's kind of hilarious that oil hit peak historical production under the dems :)  LOL   Just one of those coincidences that makes you laugh

"That which doesn't kill me...

Had better start running."

Posted
6 hours ago, Hodad said:

Facts don't matter in MAGAland. Trump and Fox lied about Biden "crushing" the oil industry and no amount of data will convince those dupes that they have been lied to. No self respect. 

You haven't demonstrated that he didn't  In fact you can say the "facts" claim he did.  The oil industry was shooting upwards under trump, and in biden's time it actually DID crash horribly. It's barely recovered to when trump was in.  After biden got in it took 3 years for oil production to get back to where it was - never mind where it SHOULD have been.

So you'd have to show that it wasn't biden's policy or the like that caused that. 

I have a funny feeling you're going to try to ignore that fact :)    I guess that's why Robohater decided to post a chart without dates huh :)  

LOL - there you go folks, even when dems tell the truth they still manage to lie :) 

"That which doesn't kill me...

Had better start running."

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