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.

  • AlexWIWA@lemmy.mlEnglish
    183·
    9 months ago

    Personal passenger EVs won’t do much to dent global climate change. Gotta build mass transit and rail shipping, and clean up the electricity grid.

    Carnival Cruises (63 ships) emits as much as 300,000,000 cars, and electricity generation and shipping are even more insane. All transportation combined is only 27% of our emissions. And EVs still need a lot of oil for tires and asphalt.

    EVs are definitely better than ICE, especially for local air quality, but for global climate they’re like deleting a text file to clear up hard drive space, instead of looking at the 400GB rip of LOTR.

      • AlexWIWA@lemmy.mlEnglish
        4·
        9 months ago

        I agree. My bad I took your comment as that being the only thing we need to do. Apologies

          • AlexWIWA@lemmy.mlEnglish
            3·
            9 months ago

            Ah nah sorry I don’t recall. I’ve intentionally cut myself off the news and most social media. It’s made me happier but it can bite me in the ass, like in this thread 😅

      • AA5B@lemmy.world
        21·
        9 months ago

        This is my argument for restricting supply enough to increase prices. Higher prices are incentive for every usage to find alternatives. Most of the alternatives do already exist but will never be adopted when fossil fuel solutions are cheaper

        • Zink@programming.dev
          1·
          9 months ago

          Yep. As much as individuals may care, and corporations may give lip service to the environment, large scale usage patterns are still dictated by economics.