The US was the top oil and gas producer in the world in 2015
Washington Examiner:
This really calls into question the push for ethanol and other biomass sources of fuel. This happened despite the efforts of Democrats who kept claiming that the US could not drill its way to lower prices. They could not have been more wrong.
The U.S. managed to beat out the Saudis and Russia as the world's top oil and natural gas producer last year, despite low prices and a persistent supply glut challenging the industry, according to the federal government.There is more.
"U.S. petroleum and natural gas production first surpassed Russia in 2012, and the United States has been the world's top producer of natural gas since 2011 and the world's top producer of petroleum hydrocarbons since 2013," the Energy Information Administration, the Energy Department's independent analysis arm, reported Monday.
U.S. and Russia production is almost split evenly between oil and natural gas output, while Saudi Arabia relies heavily on petroleum production, the agency said.
In the U.S., petroleum supply rose by 1.0 million barrels a day last year, despite relatively cheap crude oil prices and a 60 percent in the number of operating oil and natural gas rigs, the Energy Information Administration said. Natural gas production rose by 3.7 billion cubic feet per day, with almost all of that increase coming in the eastern U.S.
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This really calls into question the push for ethanol and other biomass sources of fuel. This happened despite the efforts of Democrats who kept claiming that the US could not drill its way to lower prices. They could not have been more wrong.
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