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Hydraulic fracturing (aka fracking) has helped the US earn a place among the top crude oil producers. But that's a recent scenario. The domestic oil production
by 29athrowaway 6y ago
Hydraulic fracturing (aka fracking) has helped the US earn a place among the top crude oil producers. But that's a recent scenario.
The domestic oil production has been roughly like:
- 2000: ~100,000 barrels per day.
- 2016: ~4,000,000 barrels per day.
- 2019: ~15,000,000 barrels per day.
During the Bush administration (2000-2004), the US had a lower domestic oil production and a higher dependence on foreign oil.
Additionally, the oil production in the Middle East was much higher and has decreased over time.