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Tracy Barhite
Fox Business
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Comments by "Tracy Barhite" (@tracybarhite1764) on "This admin has policies that ‘strangle’ oil supply: Rick Perry" video.
@Wolfcamp555 The US became the world's leading oil producer in 2018 well before the pandemic.
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Yes, there is record oil production. However, it is costing more because of Biden's energy policies. Limiting carbon emissions, the lowest levels of oil leases on federal land since WWII. Biden has added a lot of new regulations on the oil industry. This has caused higher prices.
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They never have an answer to that question.
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@Wolfcamp555 Most sources say we have about 50 years of recoverable oil left. That is using current technology.
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@Wolfcamp555 Maybe, maybe not ? The US currently produces 13.2 million barrels of oil per day. That's up slightly from 13 million bpd in 2019. Production decreased during the pandemic to 11 12 million bpd. The US is refining 18 million bpd. Slightly less than 2019 high of 18.9 million bpd.
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@Wolfcamp555 The US has(as of 2022) 48 billion barrels of proved reserves, a 9% increase from 2021.
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Power plants all across the world rely on LNG. Where do you think electricity comes from?
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