The United States is producing more oil than any country in history | CNN Business
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As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue he’s already doing that. Meanwhile, the surprising reality is the United States is pumping oil at a blistering pace and is on track to produce more oil than any country has in history.

As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue he’s already doing that. Meanwhile, the surprising reality is the United States is pumping oil at a blistering pace and is on track to produce more oil than any country has in history.

The United States is set to produce a global record of 13.3 million barrels per day of crude and condensate during the fourth quarter of this year, according to a report published Tuesday by S&P Global Commodity Insights.

Last month, weekly US oil production hit 13.2 million barrels per day, according to the US Energy Information Administration. That’s just above the Donald Trump-era record of 13.1 million set in early 2020 just before the Covid-19 crisis sent output and prices crashing.

That’s been helping to keep a lid on crude and gasoline prices.

    • agitatedpotato@lemmy.world
      14·
      11 months ago

      That was never intended to be true, same with the most progressive president line. They just know that no one can call him out on it because they’ll just be drowned out by people who are terrified of Trump.

      • APassenger@lemmy.world
        10·
        11 months ago

        Reasoning: “Oh you don’t like something Biden did? WHY DO YOU WANT TRUMP IN OFFICE, I’M ENTITLED TO DEMAND YOUR VOTE!!!1”

        Then down votes to complete the flourish.

        It’s intellectually empty but extremely effective at causing me to dislike people who could otherwise be allies. I’ve never seen anything quite like it.

        I wish lemmy could understand we don’t have to be a hivemind in order to be effective.

        • agitatedpotato@lemmy.world
          6·
          11 months ago

          I wish lemmy and reddit would understand that the US is not the only country that uses FPTP and the propaganda that only two parties can exist in such a system is a bigger factor to the duopoly that the pushers of those lies want to admit. Canada literally has it too but they don’t have the same duopoly problem, english speaking neighbors and they couldn’t look further away from that example.

          • APassenger@lemmy.world
            4·
            11 months ago

            I kind of consider our duopoly to be an emergent property from the overall pattern for elections and their funding.

            The closest thing I’ve seen to piercing the duopoly was Perot and lots of people learned to stay binary after that. So it only served to reinforce.

            Ranked ballots are the key thing for me and I hope they’re part of our future.

          • fahfahfahfah@lemmy.billiam.netEnglish
            2·
            11 months ago

            We generally only ever have two viable parties, and vote splitting between the two left leaning parties often results in conservative wins. We are not a good example of this.

      • pelotron@midwest.socialEnglish
        1·
        11 months ago

        Who is saying he’s supposed to be the most progressive president? From what I remember before the election he very openly took middle of the road positions and declared intentions to reach across the aisle as much as possible.

    • krakenx@lemmy.worldEnglish
      7·
      11 months ago

      What should he be doing instead? If he somehow had the legal authority to make companies cut production in the US, gas prices would increase drastically, the price of everything made with oil or transported with oil (which is basically everything) would spike, and consumption wouldn’t even go down much.

      What needs to happen is to have an alternative to oil first, and Biden’s infrastructure bill was a big step in that direction, at least compared to every other president before him.

      • Ensign_Crab@lemmy.worldEnglish
        2·
        11 months ago

        If he somehow had the legal authority to make companies cut production in the US

        Biden approved more drilling on public lands than Trump did. So how about not do that.

        gas prices would increase drastically,

        BP just decided to discover a newfound cautious streak about the red sea that, wouldn’t you just know it, caused the price of oil to go up. Oh darn.

        the price of everything made with oil or transported with oil (which is basically everything) would spike, and consumption wouldn’t even go down much.

        Oh yeah, it’s great that this hasn’t happened fucking already. The price of fucking everything but an hour’s wages has gone up. Or in the language of centrist Biden supporters, “the economy is doing great!”