Domestic production collapsed under Trump, not Biden.You can blame that on covid, if you want to.
December US Oil Production Unexpectedly Drops
03/03/2022 Ovi Bakken, Gulf of Mexico, Oil Production, Production Projections, Texas, US Oil Production
A guest post by Ovi.
All of the oil (C + C) production data for the US state charts comes from the EIA'’s Petroleum Supply monthly PSM.
U.S. December production decreased by a surprising 206 kb/d to 11,567 kb/d. The main declining contributors were New Mexico 61, ND 25, GOM 81 and Texas 16. In the LTO section below, where US Onshore L48 conventional oil is tracked, a drop of 117 kb/d was reported from November to December. Another drop was also projected into January.
The blue markers, obtained from the February 2022 STEO, are production forecasts for the US from January 2022 to December 2022. Output for December 2022 is expected to be 12,390 kb/d an increase of 200 kb/d higher than was forecast in the January STEO report.
While overall US production was down, a better indication of the health of the US oil industry can be gleaned by looking more closely at the On-shore L48 states. In the On-shore lower 48, December production decreased by 130 kb/d to 9,403 kb/d. In addition to the states listed above where production dropped, Colorado added to the decline by 15 kb/d....
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