Home Robert's Realm EIA Confirms Historic U.S. Oil Production Record

EIA Confirms Historic U.S. Oil Production Record

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Article reposted with permission from Forbes contributor. Original article can be found here.

In mid-December, I wrote here that the U.S. had set a new annual oil production record:

“The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly numbers from the EIA won’t be released for a couple of months, we can calculate that a new record has been set based on the following analysis.”

I could project that new record based on the weekly production numbers from the EIA, but I noted that official confirmation wouldn’t come until sometime this year. On March 11, 2024, the EIA made it official: United States produces more crude oil than any country, ever.

The EIA analysis notes that not only did the U.S. break the previous record in 2023, but speculated that no other nation is likely to break it any time soon:

“The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019. Average monthly U.S. crude oil production established a monthly record high in December 2023 at more than 13.3 million b/d.

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