EIA: The United States is now producing 10 percent of the world’s crude oil

posted at 5:21 pm on May 28, 2014 by Erika Johnsen

Equipped as we are with the innovative hydraulic fracturing and horizontal drilling technologies that have helped us to unlock hitherto economically unattainable formations of oil and gas, the United States and Canada are still the only significant producers of tight oil in the world — which, according to the latest fourth-quarter production reports, has given us quite the leg up. Via RealClearEnergy:

U.S. tight oil production averaged 3.22 million barrels per day (MMbbl/d) in the fourth quarter of 2013, according to U.S. Energy Information Administration estimates. This level was enough to push overall crude oil production in the United States to an average of 7.84 MMbbl/d, more than 10% of total world production, up from 9% in the fourth quarter of 2012.

So, we are still operating under the entirely self-imposed and damaging economic restriction of a crude-oil export ban without which we could fetch higher prices for our wares, because… why?

While we’re on the subject, just to once again doubly debunk the myths that, 1) the shale revolution has only been a boon for those ever-mysterious Big Oil barons rather than small and mid-size businesses, and 2) that the Obama administration has done anything to help this sucker along in the slightest, here’s a nicely succinct statistical summary form William Dunkelberg at Forbes:

There are more than 20,000 small and mid-size companies participating in the energy boom, with an average of 15 employees. These firms account for almost all of our energy boom. Oil and gas output on private land is up over 50%, while on federal lands, it is down. Natural gas production fell 30% on federal lands while over the same period it was up over 30% on private land. Thirty-six percent of our oil production was on federal lands in 2010. This has declined to 23%. Since 2009, oil production on private lands is up over 60%. The permit process has been lengthened by more than a third.

What would the Obama economy look like without the shale boom that he did absolutely nothing to bring about, and indeed has merely and only reluctantly allowed to proceed at an even slower pace than it could have? I shudder to think.

And in other related and excellent news, Mexico might finally be ready to release the prohibitive death grip that its state oil company Petroleos Mexicanos (Pemex) has held over the oil-and-gas sector for more than seventy years and the ongoing production decline under which it has been struggling:

The declining trend of Mexico’s crude oil production could be reversed as the country is taking drastic reforms and embracing foreign investment, the statistical arm of the U.S. Department of Energy said Tuesday.

The U.S. Energy Information Administration (EIA) said in a report that Mexico pumped an average of 2.9 barrels of oil per day last year, continuing the decline from its peak of 3.85 million barrels of oil per day in 2004.

But the trend might be reversed as the country has ratified sweeping reforms to its energy sector, ending the 75-year monopoly that state-owned Petroleos Mexicanos, or Pemex, has had on the country’s energy resources.


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Erika. Thank you for all the hard work you put in here at HA. Good luck and good fortunes in your future. ; )

Bmore on May 28, 2014 at 5:27 PM

I’m surprised that King Barack the Magnificent hasn’t been taking ALL the credit for the shale oil boom.

GarandFan on May 28, 2014 at 5:27 PM

Someone else made that happen…..

Electrongod on May 28, 2014 at 5:28 PM

Whatever increase in energy production in this country, The One will step in and take credit. If only He would take credit for the “necessarily skyrocketing energy prices” He predicted due to His planned destruction of the coal industry (followed by that of all other fossil fuels).

vnvet on May 28, 2014 at 5:33 PM

Can you imagine what our economy would be if a real man was POTUS? And Putin wouldn’t be throwing his weight around either. There is a lot wrong in the world today so a very few people can capitalize on this climate change total b.s.

Cindy Munford on May 28, 2014 at 5:35 PM

So where am I supposed to get all my energy and environment news when Erika is gone?

Mark1971 on May 28, 2014 at 5:38 PM

Mark1971 on May 28, 2014 at 5:38 PM

Exactly. I’m thinking its not Noahs area of expertise.

Bmore on May 28, 2014 at 5:39 PM

VERY sorry to see you go, Erika. This is where I come to be informed.

Lolo on May 28, 2014 at 5:41 PM

Mark1971 on May 28, 2014 at 5:38 PM

Exactly. I’m thinking its not Noahs area of expertise.

Bmore on May 28, 2014 at 5:39 PM

Well, at least she is getting out of here before she gets corrupted by the site.

astonerii on May 28, 2014 at 5:42 PM

So, we are still operating under the entirely self-imposed and damaging economic restriction of a crude-oil export ban without which we could fetch higher prices for our wares, because… why?

Look toward the Potomac.

formwiz on May 28, 2014 at 5:42 PM

Imagine if Obama, or any socialist, weren’t POTUS.

Charlemagne on May 28, 2014 at 5:43 PM

Imagine if Obama, or any socialist, weren’t POTUS.

Charlemagne on May 28, 2014 at 5:43 PM

Do we have to imagine it? Well, wait, you are right, George W Bush would not really be considered too far from being a socialist with his compassionate conservatism, AKA socialism where you take from the makers and give to the moochers making George W Bush a taker.

astonerii on May 28, 2014 at 5:49 PM

I’m surprised that King Barack the Magnificent hasn’t been taking ALL the credit for the shale oil boom.

GarandFan on May 28, 2014 at 5:27 PM

I believe he already has. Excerpts from his SOTU 2014:

“a rebounding housing market — (applause) — a manufacturing sector that’s adding jobs for the first time since the 1990s — (applause) — more oil produced — more oil produced at home than we buy from the rest of the world, the first time that’s happened in nearly twenty years — (applause) — our deficits cut by more than half; and for the first time — (applause) — for the first time in over a decade, business leaders around the world have declared that China is no longer the world’s number one place to invest; America is.”

Johnnyreb on May 28, 2014 at 5:56 PM

Obama, the democrat party, the BLM, and the EPA (birm, birm, birm) will see what they can do about that. The man has a phone, pen, and an army of straw men.

“Under my regime crude oil production from private lands has never been greater and production from federal lands has never been lower. You’re welcome.”
King Barky the Liar.

jukin3 on May 28, 2014 at 5:59 PM

I believe he already has. Excerpts from his SOTU 2014:

“a rebounding housing market — (applause) — a manufacturing sector that’s adding jobs for the first time since the 1990s — (applause) — more oil produced — more oil produced at home than we buy from the rest of the world, the first time that’s happened in nearly twenty years — (applause) — our deficits cut by more than half; and for the first time — (applause) — for the first time in over a decade, business leaders around the world have declared that China is no longer the world’s number one place to invest; America is.”

Johnnyreb on May 28, 2014 at 5:56 PM

What a filthy liar!!

Ditkaca on May 28, 2014 at 6:05 PM

The government made that happe.

jimver on May 28, 2014 at 6:16 PM

(Lifts boombox over head and plays Peter Gabriel for Erika)

frost_ on May 28, 2014 at 6:18 PM

Godspeed Erika…

OmahaConservative on May 28, 2014 at 6:32 PM

All. Natural. Oil.

Choke on it, Obama.

locomotivebreath1901 on May 28, 2014 at 6:43 PM

Someone else made that happen…..

Electrongod on May 28, 2014 at 5:28 PM

Hey, you! You didn’t build that sentence!

DublOh7 on May 28, 2014 at 7:01 PM

EIA: The United States is now producing 10 percent of the world’s crude oil

Only because Obama was not able, so far, to stop the privately owned sites.

RJL on May 28, 2014 at 7:09 PM

So where am I supposed to get all my energy and environment news when Erika is gone?

Mark1971 on May 28, 2014 at 5:38 PM

Agreed. Noah has his strong points, while taking on the more liberal commentators at Mediaite, but he hasn’t focused on energy issues as a way to tweak liberals the way Erika has over here.

jon1979 on May 28, 2014 at 7:10 PM

Energy companies to Obama: You didn’t build that. We did.

While Obama restricts drilling on Federal land and offshore drilling, the Mexican government wants to privatize Pemex.

Never thought I’d see the day when the Mexican government is smarter than the American government, but here it is.

Steve Z on May 28, 2014 at 8:14 PM

Wait, Erika is leaving? I love her analysis of energy issues.

WhatSlushfund on May 28, 2014 at 9:20 PM

Ah, now I see. I didn’t read the Noah Rothman post closly enough.

Yeah, Erika, you’ll be missed. I’ve relied on some of your analysis in my own job.

WhatSlushfund on May 28, 2014 at 9:25 PM

*closely*

WhatSlushfund on May 28, 2014 at 9:26 PM

Courtesy of Western Judeo-Christian WASP’s, once again.

To the rest of the civilized and semi-civilized world: you’re !@#$ing welcome.

LawfulGood on May 29, 2014 at 2:07 AM

EIA: The United States is now producing 10 percent of the world’s crude oil

and it’s very clear that we’re reaping the benefits.

/s

Dr. ZhivBlago on May 29, 2014 at 2:21 AM

A big thank you to Big Oil for doing its part in helping to keep this US economy from tanking. Despite the bureaucratic and regulatory stumbling blocks that our own gov’t puts forth. Thanks Big Oil for all of the high paying jobs that you provide. Hire US citizens. Keep as much of this wealth within our own shores as possible. This whole phenomena is nothing less than the Grace of God providing a means of survival for this stupid nation that elects such dangerous, destructive, short-sighted politicians to lead.

Darvin Dowdy on May 29, 2014 at 7:36 AM

Mexico almost been ready to do that for 20 years. Let me know when it actually happens.

gwhh on May 29, 2014 at 9:40 AM

The up and down stats on oil and gas production on federal V state lands? What year does that stats start from?

gwhh on May 29, 2014 at 9:49 AM

The up and down stats on oil and gas production on federal V state lands.

What year does those stats start from?

gwhh on May 29, 2014 at 9:50 AM

This whole phenomena is nothing less than the Grace of God providing a means of survival for this stupid nation that elects such dangerous, destructive, short-sighted politicians to lead.

Darvin Dowdy on May 29, 2014 at 7:36 AM

I’m of the opinion that calling things miracles is overused to the point of insulting the Most High…and you won’t hear any argument from me. Oil is even more important to industry than coal-mining used to be, and it IS a minor miracle that they’ve managed to keep on chugging despite Shoeshine Boy’s economic destruction.

LawfulGood on May 29, 2014 at 10:59 AM