Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 2,208
despite all the warnings on climate change..the beat goes on
The rise of the US as the world’s oil and gas powerhouse has come at an astonishing pace. Within just the last decade, Congress lifted a ban on exporting crude oil and the US became one of the world’s leading oil exporters, elbowing aside classic petrostates like the UAE and Kuwait. In that timeframe, US exports of gas, frozen to liquid form and shipped, also started in earnest and last year America became the world’s leader.
Domestic oil and gas production, turbocharged by the advance of hydraulic fracturing, or fracking, has rocketed. No country in history has extracted as much oil as the US has in each of the past six years, with a fifth of all oil drilled in 2023 being American flavored. US gas production also tops the global charts, having surged 50% in the past decade. Every hour of every day, on average, around 1m barrels of oil and 2m tons of gas are sucked up from oil and gas fields from Texas to Appalachia to Alaska.
That such a boom has occurred during Joe Biden’s presidency is not only inconvenient for Biden, who has called the climate crisis an “existential threat” and offered a now-broken promise of “no more drilling on federal lands, period”, but also Donald Trump, who has pledged to “drill, baby, drill” if he returns to the White House and has lambasted Biden, falsely, for supposedly shutting down US energy production.
It’s therefore not politically expedient for either Democrats or Republicans to fully extol how the US has become the world’s leading oil and gas dealer, even as processing plants, pipelines and shipping terminals are unfurled at a galloping pace along the Gulf coast. US gas export capacity has tripled since 2018 and will double again in the next three years, with a pause placed by Biden on new gas export licenses tossed aside by a Trump-appointed judge this month.
www.theguardian.com
comrade stalin
victorious in the donbase
The rise of the US as the world’s oil and gas powerhouse has come at an astonishing pace. Within just the last decade, Congress lifted a ban on exporting crude oil and the US became one of the world’s leading oil exporters, elbowing aside classic petrostates like the UAE and Kuwait. In that timeframe, US exports of gas, frozen to liquid form and shipped, also started in earnest and last year America became the world’s leader.
Domestic oil and gas production, turbocharged by the advance of hydraulic fracturing, or fracking, has rocketed. No country in history has extracted as much oil as the US has in each of the past six years, with a fifth of all oil drilled in 2023 being American flavored. US gas production also tops the global charts, having surged 50% in the past decade. Every hour of every day, on average, around 1m barrels of oil and 2m tons of gas are sucked up from oil and gas fields from Texas to Appalachia to Alaska.
That such a boom has occurred during Joe Biden’s presidency is not only inconvenient for Biden, who has called the climate crisis an “existential threat” and offered a now-broken promise of “no more drilling on federal lands, period”, but also Donald Trump, who has pledged to “drill, baby, drill” if he returns to the White House and has lambasted Biden, falsely, for supposedly shutting down US energy production.
It’s therefore not politically expedient for either Democrats or Republicans to fully extol how the US has become the world’s leading oil and gas dealer, even as processing plants, pipelines and shipping terminals are unfurled at a galloping pace along the Gulf coast. US gas export capacity has tripled since 2018 and will double again in the next three years, with a pause placed by Biden on new gas export licenses tossed aside by a Trump-appointed judge this month.
‘This used to be a beautiful place’: how the US became the world’s biggest fossil fuel state
No country has ever in history produced as much oil and gas as the US does now and Louisiana is ground zero
comrade stalin
victorious in the donbase
![maxresdefault[1].webp](https://www.houseofpolitics.com/data/attachments/15/15236-e80ffe531f4273c4f6ef0a1b567aa534.jpg?hash=tzcoiA7Wim "maxresdefault[1].webp")
