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GREAT AGAIN: US Oil Output to Exceed Saudi Arabia ‘At Their Peak’ in Six Months

posted by Hannity Staff - 1.18.19

America’s energy industry continued to expand under President Trump heading into the New Year, with new estimates showing US crude output is on track to exceed Saudi Arabia “at their peak.”

“America’s journey to preeminence in the global oil trade is about to hit another milestone,” writes Bloomberg. “Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better.”

“American crude output is poised to expand by 1.1 million barrels a day this year, according to the IEA, which sees the U.S. exceeding the Saudis’ maximum level within the next six months,” adds the report.

The US became the world’s largest exporter of oil towards the end of 2018 after the Trump administration eased restrictions and allowed more off-shore drilling opportunities for American businesses.

Read the full report at Bloomberg.

AMERICA UNLEASHED: US Oil Refineries SMASH OUTPUT RECORDS in July

posted by Hannity Staff - 8.14.18

The US oil industry continued to roar to life under President Trump and the GOP-controlled Congress in July; smashing records and beating estimates as the nation inches towards becoming the world’s largest producer of the fossil fuel.

According to the Daily Caller, the US oil industry produced over 18 million barrels of oil per day in July, beating previous records as the nation’s demand for the natural resource spiked during the busy summer months.

“Refineries along the Gulf Coast processed a record-breaking 9.5 million barrels per day during that period, and Midwestern plants processed a near-record amount of crude oil,” writes the DC.

“Refiners nearly broke the 18-million-barrel record in August 2017, but Hurricane Harvey forced some facilities to shut down as it hammered the Gulf Coast. Harvey shut-in around 3.2 million barrels a day in refining capacity, causing gas prices to rise,” adds the author.

Read the full report at the Daily Caller.

AMERICA UNLEASHED: USA Becomes ‘Net Exporter’ of Oil for FIRST TIME in 75 YEARS

posted by Hannity Staff - 12.06.18

The United States energy industry continued to soar to life under President Trump and the GOP-controlled Senate this week; becoming a “net exporter of oil” for the first time in over 75 years.

“America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as ‘energy independence,’” writes Bloomberg.

The American transformation from a net importer to exporter is a direct result of the expanding US oil industry; with “thousands of new wells” appearing in Texas, New Mexico, North Dakota, and Pennsylvania.

“The shale revolution has transformed oil wildcatters into billionaires and the U.S. into the world’s largest petroleum producer, surpassing Russia and Saudi Arabia,” adds the article.

Read the full story here.

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