The United States has recently reached a historic milestone in the oil and gas industry, surpassing the highest level of oil production in its history. This news has been met with a mixture of surprise and optimism, as this growth has occurred under the Biden administration, a president who has predominantly focused on renewable energy sources and promoting environmental sustainability.
The scale of this achievement has been exemplified by the quite incredible surge in production from just 13.9 million barrels a day in 2020 to reach a record-breaking 19.9 million barrels of oil a day at the end of 2021, equating to an increase of close to 6 million barrels, accomplishing a feat that many had thought was unattainable.
This impressive jump has largely been attributed to the advances made in technology and techniques in the oil and gas industry and has enabled the US to become a global leader in production, citing further proof of the strength and resilience of the country when it comes to energy usage.
The Biden administration has been mostly quiet on this feat, primarily due to the stance it has taken on renewable energy sources such as wind and solar, these sources being seen as key solutions to reducing the reliance on fossil fuels and making the US a less carbon-intensive nation.
Nevertheless, this increase is a step in the right direction for the economy and jobs market as more activity with regards to production leads to more people employed in the industry. This is necessary for mitigating some of the unemployment issues that have been seen as a result of the global pandemic.
Whilst the Biden administration has avoided making any area reference to this high in US oil production, it is no less important for the security and prosperity of the US. Domestically, it is helpful to business by enabling the US to grow domestically in terms of energy security and potential economic growth.
Internationally, this surge in production has made the US a formidable economic superpower, potentially providing greater leverage in terms of the protection of its interests and those of its allies throughout the world.
Ultimately, the prevalence of US production of oil and natural gas looks set to continue in the future, increasing the global market share of the US, placing it in an even better position to drive growth and investment across the globe. Thus, the record-breaking production in 2021 should be celebrated, regardless of the stance the Biden administration has taken.
“Biden Breaks Record: U.S. Oil Production Soars, Yet He Remains Quiet
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