this post was submitted on 26 Dec 2023
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Collapse

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This is the place for discussing the potential collapse of modern civilization and the environment.

Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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The United States is producing more oil than any country in history | CNN Business (www.cnn.com)
submitted 9 months ago by PanArab@lemmy.ml to c/collapse@lemmy.ml
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[–] autotldr@lemmings.world 1 points 9 months ago

This is the best summary I could come up with:

As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue he’s already doing that.

America is exporting the same amount of crude oil, refined products and natural gas liquids as Saudi Arabia or Russia produces, S&P said.

Record-shattering US production is helping to offset aggressive supply cuts meant to support high prices by OPEC+, mainly Saudi Arabia and Russia.

Republican Sen. Dan Sullivan of Alaska warned in a floor speech that the Biden administration’s war on energy is a “gift to our adversaries.”

Of course, that doesn’t mean it’s Biden policies that have paved the way for record US oil production, nor that the White House would rush to take credit for that.

“President Biden has been dragged kicking and screaming from his initial keep-it-in-the-ground strategy towards a more pragmatic policy,” McNally said, noting the administration was “mugged by the reality of high gas prices and Russia’s invasion of Ukraine.”

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