Crude oil production in the United States has decreased exponentially in the last three months, consecutively, as demand for oil domestically has increased, and prices continue to rise.
“Total U.S. oil production decreased to about 11.3 million barrels per day in February, down 3.9% from the 11.8 million barrels per day produced in November, the latest Energy Information Administration (EIA) data showed,” according to the Daily Caller.
The data indicates that between Nov. 1-Feb. 28 as the average prices at the pump increased 6.4% from $3.39 per gallon to $3.61 a gallon, America has pumped its resources to meet demand.
“I was a little bit shocked when I first saw the numbers,” Dan Kish, a senior fellow at the Institute for Energy Research, told the Daily Caller News Foundation in an interview. “It tells me that President Biden is going to have to work more like the devil in order to increase production. It’s a reflection of the fact that the investment climate is awful,” he added.
This is a sharp change from the months leading up to the recent increases. Between November 2018-February 2019, United States oil production declined 1.8%, and between November 2019-February 2020, production dropped just 1.1%, the federal data indicated.
However, between November 2020-February 2021, which was the period of time when President Joe Biden replaced former President Donald Trump, production dropped a massive 12.1%.
“Production is essentially higher than it’s been in a couple decades,” Interior Secretary Deb Haaland said during a congressional hearing Thursday. “On the federal lands, we’re doing what we need to do and we’re following the law and making sure that we are moving those issues forward.”
According to a senior IER official, the decline in production is a reflection of the effect of the Biden administration policies since the administration has repeatedly pushed an anti-fossil fuel industry agenda.
“If people invite you to a party and every time you go to their party, somebody throws a drink in your face, you’re probably going to stop going, right?” Kish told the DCNF.