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"But why, Don Suave?"....."Because They're Morons."
7 Mar 2024 3:22 pm
Please stop....Huey » 07 Mar 2024, 3:48 pm » wrote: ↑ ****. Try again.
https://www.statista.com/statistics/188 ... in-the-us/
From December 20 through December 30, Today in Energy will feature some of our favorite articles from 2021.
Today’s article was originally published on March 9.U.S. crude oil production averaged 11.3 million barrels per day (b/d) in 2020, down 935,000 b/d (8%) from the record annual average high of 12.2 million b/d in 2019. The 2020 decrease in production was the largest annual decline in the U.S. Energy Information Administration’s records. The production decline resulted from reduced drilling activity related to low oil prices in 2020.
In January 2020, U.S. crude oil production reached a peak of 12.8 million b/d. In March 2020, crude oil prices decreased because of the sudden drop in petroleum demand that resulted from the global response to the coronavirus (COVID-19) pandemic. The declining prices led crude oil operators to shut in wells and limit the number of wells brought online, lowering the output for the major oil-producing regions. In May, U.S. crude oil production reached its lowest average monthly volume for the year at 10.0 million b/d.
It was due directly to production cuts for which Grifty claimed credit.
https://www.eia.gov/todayinenergy/detai ... 0in%202020.
You are not doing real well here. That is from a Government Agency run by the Biden Administration. Surely they aren't lying to us?
That kills your next two excuses.
https://www.cnbc.com/2020/04/13/opec-cu ... ergin.html
As the Organization of the Petroleum Exporting Countries and its allies came to an agreement on a record cut in oil production, U.S. President Donald Trump may have struck his “biggest and most complex deal,” according to oil expert Dan Yergin.
“What was so interesting — among many, very interesting things in this unprecedented event — was the turnaround, the pivot by Donald Trump,” Yergin, who is vice chairman at IHS Markit, told CNBC’s “Street Signs” on Monday.
Just a few weeks ago, Trump had said the early-March plunge in oil prices were “good for the consumer” as it meant lower gasoline prices. That drop in crude prices had been triggered by an oil price war between Saudi Arabia and Russia after Moscow rejected a proposal by OPEC to cut 1.5 million barrels of production per day.