Connect with us

Oil & Gas

US Oil Production breaks World Record, dwarfs Saudi Arabia (See New Stats)



US oil production has hit an all-time high of 13.2 million barrels daily, dwarfing Saudi Arabia’s 9 million per day.

They’re now producing more than any other country ever has.

Driven by the need to keep prices down at the pump, it’s a record the Biden administration is keeping surprisingly quiet about.

You won’t hear President Biden talking about it much, but a key record has been broken during his watch: The United States is producing more oil than any country ever has.

The flow of huge amounts of crude from American producers is playing a big role in keeping prices down at the pump, diminishing the geopolitical power of OPEC and taming inflation. The average price of a gallon of regular gasoline nationwide has dropped to close to $3, and analysts project it could stay that way leading up to the presidential election, potentially assuaging the economic anxieties of swing-state voters who will be crucial to Biden’s hopes of a second term.

The United States is producing about 13.2 million barrels of crude oil per day. That is millions of gallons more than is coming out of Saudi Arabia or Russia. It is more oil than was being produced even at its peak during the pro-fossil-fuels administration of former president Donald Trump, when production was 13 million barrels a day in November 2019.

Source: Washington Post

For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Updates

Hezbollah Launches Rockets, Drones Into Israel (VIDEO)

CAF president begins two day tour of Angola, ends Saturday

Police recover more bodies of movie cast from Nigerian river

Exercise regularly for enhanced productivity -NDDC Commissioner implores Staff

Embattled former Central Bank of Nigeria Governor granted bail

Islamic Scholar In Minna Appeals To Peter Obi For A Borehole (VIDEO)

I’m still a man -Bobrisky tells court, despite previous claim of transgender surgery

Garba reappointed as Golden Eaglets Coach 11 years after U-17 World Cup triumph

Putin Sends Air Defence System, Russian Soldiers To Niger Republic

Israel Threatens To Launch Direct Attack On Iran Should Iran Carry Out An Attack

Subscribe to DDM Newsletter for Latest News