https://www.siliconvalley.com/2024/10/13/u-s-crude-oil-production-is-at-an-all-time-high/

According to recent data from the U.S. Energy Information Administration (EIA), crude oil production in the United States set an all-time record in August of this year, rising to a historic monthly average of 13.4 million barrels per day (bpd).The EIA’s authoritative statistics show U.S. oil production rising dramatically since 2008, when average annual output stood at just 5.0 million bpd. The latest production increase is part of a persistent trend that has spanned three presidential administrations and made the United States the world’s leading oil producer for the last six years. The factual record contradicts a campaign argument frequently advanced by Former President Donald Trump that President Biden’s environmental policies have crippled U.S. oil production, increasing the cost of gasoline and hampering the U.S. economy.

Back in March, the EIA documented the unprecedented U.S. output in a special publication titled, “United States produces more crude oil than any country, ever.” The report states that average annual production in the United States surpassed that of Russia and Saudi Arabia in 2018 and achieved an all-time record of 12.3 million bpd the following year. The COVID-19 pandemic caused a global oil production downturn in 2020 and 2021, but the U.S. maintained its position as the world’s top driller as its own production was curtailed temporarily. The strong upward trend resumed in 2022, and the U.S. extended its lead over Russia and Saudi Arabia in 2023 with a new all-time record of 12.9 million bpd. Together, the top three oil producing nations pumped 32.8 million bpd in 2023, delivering roughly 40% of global oil production. Canada, Iraq, and China were the next three largest crude oil producers. Their combined output of 13.1 million bpd in 2023 was nearly matched by U.S. production alone.