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.
We already have the strategic oil reserve. “Stocking” implies that we are currently building up our surplus beyond past levels, which is not happening
Hilariously enough I worked in logistics for years.
How best is a strategic reserve defined? A stockpile. When a reserve has been reduced and must be returned to nominal levels that’s called stockpiling. Just an fyi our reserves are not at all full so we are in fact stockpiling.
Doing something and doing something competently are two separate things.
This might make sense if the sentence I was replying to wasn’t
Which is not occurring.
That’s quite literally what the strategic reserve is for.
https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve#:~:text=Basic Info,7.78%25 from one year ago.
I think you should have a good long think with yourself about the very personal meaning this statement should have for you
Numbers back up my position, they don’t however support yours.
Good luck with the overly confident idiocy bud.
I love that you always wish me luck 😘😘❤️❤️
Idiots love praise and shiny things and I don’t trust you with objects smaller then your fist.
I don’t care lol