Roll out the barrels: US oil production is reaching new heights

Roll out the barrels: US oil production is reaching new heights

11/26/23 7:00PM

Barrels beyond belief

‍The US is producing more oil than ever before. That’s according to the latest data from the Energy Information Administration, which revealed that the nation’s crude oil production hit 13.2 million barrels per day, surpassing the pre-Covid peak.

After relying on imported oil from around the world for decades, the US has turned its energy dependence into a strength in recent years. Domestic oil production has more than doubled since 2012 — which has made the US the world's leading producer, after beating Russia for the top spot in 2018.

‍Lone star: producing star

‍As of last year, the US accounted for nearly 15% of the world's crude oil production, with Texas alone contributing more than 40% of that. Indeed, if Texas were a nation, it would be the fourth-largest producer, eclipsing the entire European continent and the UAE, which had reportedly planned to use the upcoming COP28 UN climate summit in Dubai to vie for fossil fuel deals.

Current projections indicate that the planet is on track to warm by 2.5-2.9°C above pre-industrial levels by 2100 — a modest improvement from the 3°C estimate at COP21 in 2015, but still significantly worse than the agreed-upon target of 1.5°C. Even so, for its part, the US has pledged to achieve "net zero" by 2050.

More World

world

Tom Jones7/10/26

The most watched soccer match in US history got less than a third of the views the Super Bowl did

Between a top-spot finish in the group stage, a sweeping performance against Bosnia and Herzegovina in the round of 32, and the president’s controversial intervention, Monday evening’s USMNT game against Belgium had, to put it lightly, shaped up into a box-office clash.

And though the US players’ performance on the pitch might not have lived up to the high drama off it, American soccer fans certainly showed up. According to early estimates, the 4-1 defeat against Belgium was the most watched soccer telecast in US history, hauling some 40 million viewers on average across the coverage on Fox and Telemundo.

That may be a record tally in the US for the sport that much of the world calls some variant of “football” — besting the 36.2 million who tuned in to watch the team’s previous knock-out match — but it’s still peanuts in comparison to the sport that shares the same name in the States.

World cup viewers chart — Sherwood News

burning question

Over 50% of Americans say climate change is a serious threat; only 10% think their compatriots feel the same

That perception gap on the issue is among the highest in the world, per a new Gallup poll.

Youth Climate Strikes Break Out Across The U.S.

Reddit alien stock exchange

Reddit’s advertising business is getting bigger. It’s already booming.

The platform will plow more money into its ad offerings as it cements itself as a “trove of human intelligence.”

Tom Jones6/22/26

45% of Americans say they’re not taking a summer vacation this year, mostly due to costs

Flight comparison site Skyscanner is recommending some cheaper alternatives closer to home.

Bored annoyed man looking funny and angry during his summer staycations

Despite slight declines, Japanese tourism figures are still hovering around record highs

Tourism: Still big in Japan.

Aerial view of Tokyo cityscape with Fuji mountain in Japan.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.

©2026 Sherwood Media, LLC