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381

The United States is producing more oil than any country in history (www.cnn.com)

submitted 10 months ago by [email protected] to c/[email protected]

86 comments fedilink hide all child comments

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.

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[–] [email protected] 90 points 10 months ago (3 children)

The planet isn't going to warm itself you know

[–] [email protected] 29 points 10 months ago

If you're cold, they're cold (picture of icebergs)

[–] [email protected] 7 points 10 months ago

;_;

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[–] [email protected] 59 points 10 months ago (2 children)

I hate this fucking country sometimes.

[–] [email protected] 14 points 10 months ago (1 children)

There was a hot minute where the propagandist narrative was that we needed to pump more oil to achieve "energy independence" despite the US already exporting, since that's where the money was made

[–] prole 5 points 10 months ago (1 children)

It doesn't help when people blame the president if gas prices go up.

[–] [email protected] 3 points 10 months ago (3 children)

I thought we were suppose to let the free market decide. I guess the president isn't government?

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[+] [email protected] 33 points 10 months ago* (last edited 6 months ago) (6 children)

[removed by mod]

[–] [email protected] 42 points 10 months ago (4 children)

mandate WFH wherever possible, institute generous EV tax rebates, etc etc

[–] [email protected] 27 points 10 months ago* (last edited 10 months ago) (2 children)

That takes care of a small fraction of oil.

Plastics production makes up ~45% of all petroleum production.

Then you have shipping. Aircraft. Trucking. Then you have passenger vehicles.

[–] [email protected] 3 points 10 months ago* (last edited 10 months ago)

Aircraft are the exact reason we need to figure out how to restrict production enough to raise prices. New non-fossil fuels have been “almost here” for decades, but somehow never actually get adopted. It’s time to push airlines with the prospect of more expensive jet fuel.

And lead too. I used to fly so I understand a little about the difficulties the general aviation industry has in switching to an unleaded fuel for prop planes, and have even defended the industry for it. And it’s small and shrinking. But lead has really got to go and if it takes more serious price increases to encourage it, so be it

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[–] [email protected] 13 points 10 months ago (1 children)

Calculate the difference in what it costs to maintain the highway system and what is brought in by the gas tax, and then charge that amount of money to every employer but offer them a tax credit that offsets this new tax if they can prove their Worker Works from home at least 90% of the time, and there will be Financial incentives for employees to report their employers for violating this rule

[–] [email protected] 6 points 10 months ago

And they'll absolutely eat that cost while mandating "reTURN to OFficE oR else!" if the amount they'd lose in real estate is greater than the amount they'd be charged.

[–] [email protected] 9 points 10 months ago (1 children)

The air in my area was so clean during that first month of covid. Traffic would also be a lot better for blue collar people if all the office workers weren't fighting them for road space.

[–] [email protected] 19 points 10 months ago* (last edited 10 months ago) (3 children)

Oil production will not stop until we have alternatives to other items oils helps produce. I.e. plastics, latex, etc.

Edit: all of you saying it comes from trees might want to check again. Synthetic rubber is used as it can prevent allergic reactions from the natural protein of the plant. Also synthetic rubber is used a little more than natural rubber.

link

[–] [email protected] 5 points 10 months ago* (last edited 10 months ago) (1 children)

A huge chunk of plastics come from natural gas, not oil. Latex comes from a tree. As does natural rubber, which some tire manufacturers are returning to.

[–] [email protected] 5 points 10 months ago

PE, PP, PVC, polyacrylonitrile, butadiene rubber can come either from gas or oil, but oil can be more convenient. PS, nylons, PET, polycarbonates, epoxy resins, PMMA, phenolic resins require components derived from oil

[–] [email protected] 5 points 10 months ago (1 children)

Latex is produced from rubber trees, not petroleum.

[–] [email protected] 3 points 10 months ago (1 children)

You might want to check again. Synthetic rubber is used a little more than natural rubber.

stats

[–] [email protected] 5 points 10 months ago

Synthetic rubber and latex are different things. Your sentiment isn't wrong, just that specific example.

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[–] [email protected] 15 points 10 months ago (1 children)

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.

[–] [email protected] 7 points 10 months ago* (last edited 10 months ago) (8 children)

We're all going to die lmao

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[–] [email protected] 5 points 10 months ago

people may wish that oil production would suddenly just stop

Given the massive size of related industries and dependencies, “sudden” was never on the table. However we should be ramping down. The industry should already know that long term investments such as new pipelines will never pay off.

Gasoline/oil should be getting more expensive, or we’re doing it wrong. The best incentive to figuring out how to switch to options kinder to our environment, is higher prices with the promise of more increases. That doesn’t only apply to gasoline/oil, but heating oil, jet fuel, deisel for farming, construction and heavy trucks, marine deisel, plastics of all types, etc. Holding these prices low may help the economy in the short term but means we’re not going to switch to better choices and the impact will be more serious when it finally hits

[–] [email protected] 4 points 10 months ago (1 children)

Ten percent is still a nice chunk. Especially for just getting started. Add in hybrids to that, and it’s even better.

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[–] agamemnonymous 24 points 10 months ago

But the caterpillar was still hungry

[–] Sabre363 20 points 10 months ago (1 children)

How else are we supposed to save the planet from the horrors of green energy and renewable resources

[–] [email protected] 6 points 10 months ago* (last edited 10 months ago)

No, this is actually a good thing for the environment because this way we'll hit 'peak oil' sooner and the world will be forced to look for energy elsewhere.

[–] [email protected] 13 points 10 months ago

Yet Trump wants to send US troops to Saudi to protect their oil fields because he still remembers the 70s oil embargo.

[–] [email protected] 11 points 10 months ago (4 children)

"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. "

Sounds like a lot... until you realize we burn over 20 million barrels per day, and the 13 million figure isn't all reserved for domestic use, just under 10 million per day is exported.

https://www.reuters.com/markets/commodities/us-crude-output-rise-by-less-than-previously-forecast-2023-eia-2023-11-07/

https://www.eia.gov/tools/faqs/faq.php?id=727&t=6

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[–] [email protected] 8 points 10 months ago

I watched a TED Talk in 2008 that said the US is the Saudi Arabia of nega-barrels, and we could build efficiencies like lighter cars that would reduce our dependence on foreign oil.

Instead we fracked our way to being the Saudi Arabia of normal oil and Saudi Arabia bought golf. I feel like Al Gore got monkey paw'd.

[–] [email protected] 8 points 10 months ago (2 children)

Most climate-friendly president ever.

[–] [email protected] 11 points 10 months ago (6 children)

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.

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[–] [email protected] 4 points 10 months ago* (last edited 10 months ago) (1 children)

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.

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[–] [email protected] 7 points 10 months ago (1 children)

Feels like stockpiling for wartime…

[–] [email protected] 3 points 10 months ago (15 children)

The US is the world's largest exporter of oil. There's no "stocking up"

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[–] [email protected] 6 points 10 months ago

Burning the world so that some random bums can be the richest man in their town of 10,000 people.

[–] [email protected] 5 points 10 months ago (1 children)

I know the tech is still developing and yet I feel like there's a conspiracy to put out bad EVs too