MAGA spent all four years of the Biden administration saying that his policies were crushing US oil production, blissfully unaware of record production month after month. Trump campaigned on US oil independence, MAGA proudly claiming his policies would lead to a huge increase in US output and drilling, bringing down fuel prices.
It's going in the opposite direction, rig counts are down, and now production is falling, just like I said might happen in this post a year ago, quoting the Baker Hughes CEO.
March 11, 2025
Kitchen Sink- ENTER WITH CAUTION - Drill, baby, drill!! Erp. Bidens .war on fossil fuels!! Erp
tom, CharlesIII (remember him? I guess he couldn't take the heat in the kitchen), and Boilerman (he's gone as well, too hot to handle for him, it seems) said I was wrong. Well, it's a year later, let's check in, shall we?
US Drillers Pull Back As WTI Soars Past $98 | OilPrice.com
"The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 543, down 49 from this same time last year.
The number of active oil rigs fell by 5 to 409 during the latest reporting period, according to the data. This is 75 below this same time last year."
Now the biggest change:
"The latest EIA data showed that weekly U.S. crude oil production fell for the fifth week in a row during week ending March 20. US crude oil production averaged 13.657 million bpd during the reporting period—a 11,000 bpd dip from the week prior, and 205,000 bpd under the all-time high."
Rig count and production down under, "Drill, baby, drill," and who predicted it for the last few years? Well, me, of course. Another failed MAGA policy.
