3 ms·
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
by 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 agoThere 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...