DD Support Board and Research Team

[jbsliverer]

I'm sure they are ramping it up. Maybe we ought to keep more oil and oil product of what we export. There is whole world system in place, and it doesn't just involve the US, and it's pretty involved, so changing around the system can't happen over night. They are definitely working on it intensely right now though.

As of the first half of 21, the amount of oil and oil products from in the US today is being EXPORTED out of the country more than we import by the tune of about 120,000 barrels a day over what we import. We also export more refined product than crude.

https://www.eia.gov/todayinenergy/detail.php?id=49596

The drilling rigs will be getting more active with the thousands and thousands of new oil drilling permits/leases that would be coming online down the road. We already have at last count in 2020, 936,934 producing oil wells down from over a million in 2014 due to lower oil prices with less rig activity right here in the US. Maybe the numbers are off a few and they don't all produce equally, but still equates to a crap load of oil and oil product produced in the US.


New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%

Thousands of Permits OK’d Despite President’s Authority to End Drilling by 2035

WASHINGTON— New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.

Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management’s New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.

https://www.washingtonpost.com/politics/2021/12/06/biden-is-approving-more-oil-gas-drilling-permits-public-lands-than-trump-analysis-finds/

https://biologicaldiversity.org/w/news/press-releases/new-data-biden-slays-trumps-first-year-drilling-permitting-by-34-2022-01-21/