US Oil Production Higher Than Ever
Summary from the AllSides News Team
A new report from the U.S. Energy Information Administration (EIA) shows the U.S. produces more crude oil than any country ever has, and has been doing so for six years.
Key Details: U.S. oil production has been expanding since 2009 as newer drilling techniques, such as horizontal drilling, have been adopted by producers. The U.S. has gone from 5 million barrels per day (b/d) in 2008 to 12.9 million in 2023, a 158% increase.
Key Quote: "The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row," the EIA reported.
For Context: These record-setting numbers are unlikely to be beaten anytime soon, with no country outside the U.S. exceeding a 13 million b/d production capacity. This was not always the case; production declined for decades up until 2009. Since 2009, the only reported issues with this growth stemmed from economic issues related to the COVID-19 pandemic.
How the Media Covered it: Media from across the spectrum highlighted the record-setting trend. Vox (Left bias) focused more on President Biden’s role, expressing that Biden has done more for oil production than former President Trump, backing up the claim that “Biden is not waging war on American energy.” Fox Business (Lean Right bias) and Forbes (Center bias) focused heavily on the statistics and didn't mention Biden or Trump’s role.
Featured Coverage of this Story
From the Left
Under Biden, US oil production is as high as it’s ever been
The US is the largest crude oil producer in the world, pumping out nearly 13 million barrels on average every day in 2023, an all-time record, according to new data from the US Energy Information Administration.
That’s an awkward milestone for President Joe Biden, who has arguably done more than any modern president to facilitate America’s transition away from fossil fuels to greener alternatives.
For the last six years, America has outstripped Russia, Saudi Arabia, and other OPEC countries in crude oil production. And it has picked up the pace under Biden, who had approved more permits...
From the Right
US led global oil production for sixth straight year in 2023
The U.S. led the world in oil production for the sixth consecutive year in 2023, according to a new report from the Energy Information Administration (EIA).
Crude oil production in the U.S., including condensate, averaged 12.9 million barrels per day (b/d) in 2023 — a level which surpassed the American and global record of 12.3 million b/d that the U.S. set in 2019. Average monthly U.S. crude oil production also reached a record high in December 2023 at more than 13.3 million b/d.
"The United States produced more crude oil than any nation at...
From the Center
EIA Confirms Historic U.S. Oil Production Record
In mid-December, I wrote here that the U.S. had set a new annual oil production record:
“The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly numbers from the EIA won’t be released for a couple of months, we can calculate that a new record has been set based on the following analysis.”
I could project that new record based on the weekly production numbers from the EIA, but I noted that official confirmation wouldn’t come until sometime...
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