US oil production has surged to a new record high of 13.3 million barrels a day last week

[Caribbeans]

CHART OF THE DAY: US crude oil production jumps to record high of 13.3 million barrels per day

Matthew Fox | Thu, Dec 21, 2023

Our Chart of the Day is from YCharts, which shows that US oil production has surged to a new record high of 13.3 million barrels a day last week.

The prior record was 13.2 million barrels a day hit in November, and is above the pre-pandemic high of 13.1 million barrels reached in February 2020.

America's steady rise in US oil production has helped put a cap on prices, with the commodity down 8% year-to-date even amid a flare-up in geopolitical tensions in the Middle East, and as the US economy remains on solid footing.

That's been great news for drivers, with the average price of gas steadily falling to $3.12 a gallon, according to the most recent data from AAA.

The US is the largest oil producer in the world, surpassing Russia's 9.5 million barrel a day production rate, and well ahead of Saudi Arabia's daily production rate of 9.1 million barrels a day.....more
https://finance.yahoo.com/news/chart-day-us-crude-oil-044740808.html



USA!USA!USA!

[GreenWave]

1. Come on Fox!! Blame it on Biden!!

[Brenda]

2. Be Here Now

I hear ya Caribbeans about Nixon and Kissinger but they are really old news.

We need to focus on who has that power right now.

Fuck the fossil fuel corporations getting USA subsidies and Fuck the MIC and well, I better stop.