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U.S. crude oil production fell by 8% in
2020, largest decrease on record

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Posted By: Beardo, 12/31/2021 9:49:12 AM

U.S. crude oil production fell by 8% in 2020, the largest annual decrease on record, the U.S. Energy Information Agency reports. This plunge occurred one year after the U.S. reached a record annual average high of 12.2 million barrels a day in production in 2019. In January 2020, U.S. crude oil production reached a peak of 12.8 million b/d. But with federal and state lockdowns halting travel over coronavirus fears, demand for oil dropped and production became too expensive to maintain.

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Reply 1 - Posted by: GreatGreyhounds 12/31/2021 9:56:17 AM (No. 1024107)
Another reason for the ‘I did this’ stickers of Cheating Joe… FJB
7 people like this.

Reply 2 - Posted by: minuteman 12/31/2021 9:58:01 AM (No. 1024111)
FJB is the appropriate response to the biden mis-administrations constant refrain of F the American People.
3 people like this.

Reply 3 - Posted by: bpl40 12/31/2021 10:17:56 AM (No. 1024146)
As planned. Get ready for $8/gallon
7 people like this.

Reply 4 - Posted by: LC Chihuahua 12/31/2021 10:30:08 AM (No. 1024170)
Hey! We're saving the planet! Another resounding success! (/s)
4 people like this.

Reply 5 - Posted by: columba 12/31/2021 11:12:05 AM (No. 1024216)
This is an excellently written propaganda piece.
2 people like this.

Reply 6 - Posted by: hershey 12/31/2021 11:30:59 AM (No. 1024236)
Thank you Biteme...when Trump was our President, we were exporting oil...thanks to you and your enclave of liberal idiots, you are now begging OPEC to increase production...FJB!!!
2 people like this.

Reply 7 - Posted by: red1066 12/31/2021 2:30:52 PM (No. 1024438)
Production became too expensive to maintain? What complete BS. Production wasn't too expensive to maintain when the price of oil was $35 a barrel. Why would it be too expensive to maintain with oil prices in the $70 plus range. The price of production had nothing to do with the drop in production. It was Biteme signing an executive order reducing production and exploration.
0 people like this.

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U.S. crude oil production fell by 8% in
2020, largest decrease on record
7 replies
Posted by Beardo 12/31/2021 9:49:12 AM Post Reply
U.S. crude oil production fell by 8% in 2020, the largest annual decrease on record, the U.S. Energy Information Agency reports. This plunge occurred one year after the U.S. reached a record annual average high of 12.2 million barrels a day in production in 2019. In January 2020, U.S. crude oil production reached a peak of 12.8 million b/d. But with federal and state lockdowns halting travel over coronavirus fears, demand for oil dropped and production became too expensive to maintain.
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