Quote:
Originally Posted by ArrowHeader
Domestic oil production is currently at historical highs. Could be higher if we were “drill baby drill” mode. Those days are never coming back tho. Too many companies got crushed. We don’t use a lot of that domestic crude anyways. Most of our refineries are made for heavy “sour” crude (Saudi, Canada, Venezuela ect). They aren’t capable of refining light and heavy. We were at same refining rates in most recent years, but much more crude on the market.
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Last I saw oil production was still about 1m barrels below 2019 levels.