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
    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.