India  

US Setting Historic Oil Production Record

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
US Setting Historic Oil Production Record

US Setting Historic Oil Production Record

US Setting Historic , Oil Production Record.

A recent report revealed that the United States is currently on track to produce more oil than any other country in history.

.

CNN reports that the news comes amid calls by activists for President Joe Biden to phase out fossil fuels.

CNN reports that the news comes amid calls by activists for President Joe Biden to phase out fossil fuels.

According to a December 19 report by S&P Global Commodity Insights, the U.S. is on track to produce 13.3 million barrels of crude per day - a global record.

Last month, the Energy Information Administration said that weekly U.S. oil production had hit 13.2 million barrels per day.

.

That's just above the 13.1 million record set in early 2020 under the Trump administration.

That's just above the 13.1 million record set in early 2020 under the Trump administration.

CNN reports that the surge in production has been driven by oil drillers in Texas and New Mexico's Permian Basin.

.

Output is reportedly so high that the U.S. is exporting oil overseas.

According to the S&P, the U.S. is exporting as much crude oil, natural gas liquids and refined products as both Saudi Arabia and Russia.

It’s a reminder that the U.S. is endowed with enormous oil reserves.

Our industry should never be underestimated, Bob McNally, President of Rapidan Energy Group, via CNN.

S&P projections sugest that global demand for crude oil is on track to hit a record in 2024, but could "easily be met" by the surge in supply.


You Might Like


💡 newsR Knowledge: Other News Mentions

Joe Biden Joe Biden President of the United States since 2021

Cardi B Disses Joe Biden and Donald Trump, Not Voting For Either One

Cardi B won’t be casting her ballot for Joe Biden or Donald Trump this November … 'cause she’s calling them both failures as Commanders In Chief. Cardi..
TMZ.com
Biden Asserts Executive Privilege Over Audio of Interview With Robert Hur [Video]

Biden Asserts Executive Privilege Over Audio of Interview With Robert Hur

Biden Asserts Executive Privilege , Over Audio of Interview With Robert Hur. In February, Hur's yearlong investigation into whether President Biden mishandled classified documents ended without enough evidence to support criminal charges. In February, Hur's yearlong investigation into whether President Biden mishandled classified documents ended without enough evidence to support criminal charges. House Republicans were provided a transcript of Biden's interview with Hur, but they wanted the audio, which the DOJ denied. As a result, House Republicans were moving to hold Attorney General Merrick Garland in contempt of Congress. On May 16, the Department of Justice told House Republicans that the president asserted executive privilege over audio from his interview with the special counsel. The move protects Garland from criminal exposure as GOP lawmakers seek to hold him accountable. Assistant Attorney General Carlos Uriarte explained the DOJ's actions in a letter. The Attorney General must draw a line that safeguards the Department from improper political influence and protects our principles, our law enforcement work, and the people who carry out that work independently, without fear or favor, Assistant Attorney General Carlos Uriarte, via letter . The Committees seek to hold the Attorney General in contempt not for failing in his duties, but for upholding them, Assistant Attorney General Carlos Uriarte, via letter . With the information you now have, the Committees ought not to proceed with contempt and should instead avoid unnecessary and unwarranted conflict, Assistant Attorney General Carlos Uriarte, via letter . White House Counsel Ed Siskel also wrote a letter supporting the assertion of executive privilege. . The absence of a legitimate need for the audio recordings lays bare your likely goal—to chop them up, distort them, and use them for partisan political purposes, White House Counsel Ed Siskel, via letter

Credit: Wibbitz Top Stories    Duration: 01:31Published

President Biden Stumbles, Quickly Recovers at Police Memorial Ceremony

President Biden's getting better at saving himself from nasty tumbles ... 'cause he was thiiis close to going down Wednesday in the middle of a memorial for..
TMZ.com

'Let's get ready to rumble': Biden and Trump agree to two TV debates

Joe Biden and Donald Trump have agreed to two head-to-head live televised debates in June and September.
Sky News
Trump Accepts Offer to Debate Biden [Video]

Trump Accepts Offer to Debate Biden

Trump Accepts Offer , to Debate Biden. On May 15, President Biden revealed that he agreed to an offer from CNN to debate Donald Trump and then challenged his predecessor to do the same. I’ve received and accepted an invitation from @CNN for a debate on June 27th. Over to you, Donald. As you said: anywhere, any time, any place, President Joe Biden, via X. Donald Trump lost two debates to me in 2020. Since then he hasn’t shown up for a debate. Now he’s acting like he wants to debate me again, President Joe Biden, via video message. Well, make my day, pal, I’ll even do it twice. So let’s pick the dates, Donald – I hear you’re free on Wednesdays, President Joe Biden, via video message. Trump took to Truth Social to respond. I am Ready and Willing to Debate Crooked Joe at the two proposed times in June and September, Donald Trump, via Truth Social. Both candidates have expressed a preference to debate sooner than the fall dates initially proposed by the Commission on Presidential Debates. Both candidates have expressed a preference to debate sooner than the fall dates initially proposed by the Commission on Presidential Debates. According to Biden campaign chair Jen O'Malley Dillion, those dates are "out of step with changes in the structure of our elections and the interests of voters.". Trump went on to say that he'd like to debate Biden more than twice. I would strongly recommend more than two debates and, for excitement purposes, a very large venue, although Biden is supposedly afraid of crowds - , Donald Trump, via Truth Social. That’s only because he doesn’t get them. Just tell me when, I’ll be there. 'Let’s get ready to Rumble!!!', Donald Trump, via Truth Social. That’s only because he doesn’t get them. Just tell me when, I’ll be there. 'Let’s get ready to Rumble!!!', Donald Trump, via Truth Social. The first debate between the two presidential candidates will be June 27. The first debate between the two presidential candidates will be June 27

Credit: Wibbitz Top Stories    Duration: 01:31Published

Donald Trump Donald Trump President of the United States from 2017 to 2021

Trump lawyers vie to discredit key witness Cohen at trial [Video]

Trump lawyers vie to discredit key witness Cohen at trial

Credit: FRANCE 24 English    Duration: 02:04Published

Trump trial star witness accused of lying about hush money phone call

Michael Cohen, Donald Trump's former "thug" and "pit bull", has been accused of lying about a phone call he says he made to the former US president about..
Sky News
Moderators Announced for Biden-Trump Presidential Debate [Video]

Moderators Announced for Biden-Trump Presidential Debate

Moderators Announced , for Biden-Trump Presidential Debate. On May 15, President Biden and former President Trump agreed to debate each other on June 27 and Sept. 10, Politico reports. . On May 15, President Biden and former President Trump agreed to debate each other on June 27 and Sept. 10, Politico reports. . The first debate will air on CNN, and the second one will be shown on ABC News. . CNN has revealed that its debate moderators will be Jake Tapper and Dana Bash. The debate will take place in Atlanta at 9 p.m. EST. There will be no live audience. . The early debates come as both Biden and Trump have declined to "participate in the Commission on Presidential Debates' proposed schedule," Politico reports. The debates will also occur before either candidate formally accepts their respective party's nominations. Meanwhile, the accelerated timeline will prevent any third-party or independent candidate from potentially participating in the debates. Robert F. Kennedy Jr. took to X to make his opinion known. Presidents Trump and Biden are colluding to lock America into a head-to-head match-up that 70% say they do not want, Robert F. Kennedy Jr., via X. They are trying to exclude me from their debate because they are afraid I would win. Keeping viable candidates off the debate stage undermines democracy, Robert F. Kennedy Jr., via X. By excluding me from the stage, Presidents Biden and Trump seek to avoid discussion of their eight years of mutual failure including deficits, wars, lockdowns, chronic disease, and inflation, Robert F. Kennedy Jr., via X

Credit: Wibbitz Top Stories    Duration: 01:31Published

Texas Texas U.S. state

Four killed as severe thunderstorms sweep across Texas

At least four people have been killed after severe thunderstorms hit southeastern Texas for the second time this month.
Sky News

9-Year-Old Boy Dodges Bullets During Fort Worth Drive-By Shooting

A 9-year-old boy in Texas had to dodge bullets from the comfort of his own home -- which can be seen in distressing new footage ... and it's a miracle he made it..
TMZ.com

Rashee Rice Accused Of Socking Photographer In Face, Causing Jaw Injury

Rashee Rice has been accused of hitting a photographer so hard in the face during an altercation outside of a Texas nightclub earlier this week, he left the man..
TMZ.com
Indians' Shocking U.S Disappearance: Telangana Man Missing amid Multiple Indians Killed Within Days [Video]

Indians' Shocking U.S Disappearance: Telangana Man Missing amid Multiple Indians Killed Within Days

The disappearance of Rupesh Chandra Chintakindi, a 25-year-old student from Telangana studying in Chicago, has alarmed the Indian community. Last seen on May 2nd, efforts to locate him have been fruitless. He vanished after allegedly traveling to Texas to meet an unidentified individual. His case highlights a troubling trend of Indian students facing danger abroad, prompting calls for increased safety measures. #RupeshChintakindi #Telangana #IndianinUS #IndianStudents #Texas #Chicago #IndianCommunity #USnews #Indianews #Worldnews #Oneindia #Oneindianews ~PR.320~ED.103~GR.125~HT.96~

Credit: Oneindia    Duration: 03:02Published

Saudi Arabia Saudi Arabia Country in the Middle East

Usyk and Fury separated at Riyadh weigh-in

Watch as Tyson Fury and Oleksandr Usyk are separated by security at the weigh-in for Saturday’s undisputed heavyweight title fight in Saudi Arabia.
BBC Sport

Four of top 10 highest-paid athletes employed by Saudi-backed clubs

Cristiano Ronaldo has topped Forbes' list of highest-paid athletes for the fourth time in his career.
Sky News

Fury refuses to look Usyk in the eye in face-off

Heavyweight Tyson Fury refuses to face off with Oleksandr Usyk during a cordial news conference in Saudi Arabia.
BBC Sport

New Mexico New Mexico U.S. state

Biden Administration to Invest $8.5 Billion in Intel’s Computer Chip Plants [Video]

Biden Administration to Invest $8.5 Billion in Intel’s Computer Chip Plants

Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants. Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants. In addition to $8.5 billion in direct funding, $11 billion will be provided in loans. The money will come from the CHIPS and Science Act. The funds will go toward "computer chip plants in Arizona, Ohio, New Mexico and Oregon," CBS News reports. . According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction. According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction. The deal will help the U.S. to produce 20% of the most advanced computer chips in the world by 2030, according to Commerce Secretary Gina Raimondo. Failure is not an option — leading-edge chips are the core of our innovation system, especially when it comes to advances in artificial intelligence and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters. We can't just design chips. We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters. Biden's funding announcement comes amid a heated presidential campaign. Administration officials want to get chip technology funding "out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the White House's signature programs," analysts say. Intel CEO Pat Gelsinger called the CHIPS Act "the most critical industrial policy legislation since World War II.". We think of this as a defining moment for the United States, the semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement

Credit: Wibbitz Top Stories    Duration: 01:31Published