America’s producing more oil than ever before

Despite the number of oil rigs dropping to less than a third of the level 10 years ago and the workforce shrinking in the same period, too, oil has become one of the most productive industries in the US over the past decade. That production boom is expected to run into next year as well, with some predicting that we’ll be making an extra 600,000 barrels each day in 2025.

Indeed, the US has been consistently producing more crude oil than any nation in history for the last six years, according to figures from the Energy Information Administration, after overtaking Russia as the world’s top producer in 2018 and becoming a net exporter of oil in 2019.

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