U.S. Crude Oil Output Hits 12.9M Barrels/Day

U.S. Crude Oil Output Hits 12.9M Barrels/Day

Texas Alone Powers 43%

📢 The U.S. produced a staggering 12.93 million barrels of crude oil per day and Texas dominated with 5.51 million bpd, over 43% of the national total

1⃣ Texas – 5,512 kbpd
2⃣ Offshore Gulf of Mexico – 1,863 kbpd
3⃣ New Mexico – 1,829 kbpd
4⃣ North Dakota – 1,186 kbpd
5⃣ Alaska – 834 kbpd
6⃣ Colorado – 454 kbpd
7⃣ Oklahoma – 431 kbpd
8⃣ California – 307 kbpd
9⃣ Wyoming – 266 kbpd
🔟 Utah – 154 kbpd


📈 While offshore and New Mexico round out the top three, Texas remains the undisputed powerhouse of U.S. energy

❇️ This is just a quick peek at the surface. For my subscribers to The Merchants' News (link in bio), I dive deeper with exclusive reports packed with data, sharp forecasts, and actionable insights on commodities and macro trends.

View attachment 54988
Watch Landman with Billy Bob Thornton it is pretty good.
 
Yes Biden took 2 1/2 years to top Trump's production of November 2019. Now Trump has surpassed Biden's highest production in just 4 months.
And it was Trump that helped bankrupt those 106 oil producing companies and it take time to bring them back.
But they did come back and it was under Biden NOT Trump.
And again it was under Biden that these oil companies came back NOT Trump.
 
Yes Biden took 2 1/2 years to top Trump's production of November 2019. Now Trump has surpassed Biden's highest production in just 4 months.
And again it wouldn't have taken Biden that long IF Trump hadn't helped bankrupt over 106 US oil drilling and producing companies.
Trump has NOT been good for the US oil industry .
 
The Saudi oil price war started BEFORE COVID hit.
Do some reading it is all in the links I posted.
In 2020, many oil companies went bankrupt due to a combination of factors including a significant drop in oil demand caused by the COVID-19 pandemic, a price war between Saudi Arabia and Russia, and pre-existing financial vulnerabilities. The pandemic drastically reduced travel and industrial activity, leading to a massive oversupply of oil and a collapse in prices.
 
In 2020, many oil companies went bankrupt due to a combination of factors including a significant drop in oil demand caused by the COVID-19 pandemic, a price war between Saudi Arabia and Russia, and pre-existing financial vulnerabilities. The pandemic drastically reduced travel and industrial activity, leading to a massive oversupply of oil and a collapse in prices.
The Saudi oil price war stated in late 2019.
 
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