US EIA: United States Produces More Crude Oil Than Any Country, Ever

[Caribbeans]

United States Produces More Crude Oil Than Any Country, Ever

US Energy Information Administration | March 11, 2024

The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019. Average monthly U.S. crude oil production established a monthly record high in December 2023 at more than 13.3 million b/d.

The crude oil production record in the United States in 2023 is unlikely to be broken in any other country in the near term because no other country has reached production capacity of 13.0 million b/d. Saudi Arabia’s state-owned Saudi Aramco recently scrapped plans to increase production capacity to 13.0 million b/d by 2027.

Together, the United States, Russia, and Saudi Arabia accounted for 40% (32.8 million b/d) of global oil production in 2023. These three countries have produced more oil than any others since 1971 (counting production in the Russian Federation of the Soviet Union prior to 1991), although the top spot has shifted among them over the past five decades. By comparison, the next three largest producing countries — Canada, Iraq, and China — combined produced 13.1 million b/d in 2023, only slightly more than what was produced in the United States alone.

After peaking at 9.6 million b/d in 1970, annual U.S. crude oil production flattened and then generally declined for decades to a low of 5.0 million b/d in 2008. Crude oil production in the United States began increasing again in 2009, as producers increasingly applied hydraulic fracturing and horizontal drilling techniques, and has increased steadily since. The only exception to U.S. production growth since 2009 was in 2020 and 2021, when demand and prices decreased because of the economic effects of the COVID-19 pandemic. In recent years, crude oil production in the Permian Basin (in western Texas and eastern New Mexico) drove the increases in total crude oil and natural gas production in the United States...more
https://cleantechnica.com/2024/03/11/united-states-produces-more-crude-oil-than-any-country-ever/

USA USA USA - WE'RE # 1! (at something besides drone warfare)

2012: Obama: Oil production not enough
President Obama touts increased oil drilling while also demanding more focus on alternative energy like natural gas.

[BumRushDaShow]

1. Right now

that's the only reason why the oil & gasoline prices have stabilized after the Saudi/OPEC/OPEC+ production cuts that attempted to get oil prices up over $100/bbl (vs the $70 - $80/bbl range that is happening at the moment).

https://www.democraticunderground.com/10143207617