5 ms·

How would halting exploration on federal land have such a dramatic effect in only a year?

• alphabettsy 5y ago
  It’s technically but not practically true since the ban was at least partially lifted and of course it isn’t the cause in such a short time.
  • ms512 5y ago
    The US Energy Information Administration publishes a variety of energy related information, including US Oil Extraction. In Dec 2021, 11,567,000 barrels per day were extracted, compared to a 12,966,000 bbl/day peak in Nov 2019 [1]. Of course, this aggregate number doesn't disambiguate the cause of the decrease in production. [1] https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=M...
    • MagnumOpus 5y ago
      There was of course a fairly obvious reason for decreased oil production between late 2019 and late 2021. You may remember a certain pandemic that caused demand to drop, oil prices to go negative and highly-levered oil exploration/production companies to go bankrupt...
• deleted 5y ago
  [deleted]