• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 18 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 hours How Far Have We Really Gotten With Alternative Energy
  • 1 day e-truck insanity
  • 11 hours An interesting statistic about bitumens?
  • 4 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days Bankruptcy in the Industry
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days The United States produced more crude oil than any nation, at any time.
Energy Efficiency is Critical for a Sustainable Future

Energy Efficiency is Critical for a Sustainable Future

Governments must prioritize energy efficiency…

What Does Billionaires Dominating Space Travel Mean for the World?

What Does Billionaires Dominating Space Travel Mean for the World?

Billionaires' ventures into space travel…

Robert Rapier

Robert Rapier

More Info

Premium Content

The Real Leader In Global Energy Production

oil field

Last week President Trump spoke to business leaders at a dinner. Daniel Dale, the Washington correspondent for the Toronto Star, posted several tweets about the dinner. In one, he wrote “Quick fact check: Trump spoke to business leaders for 14 minutes at dinner tonight. He made 15 false claims.”

Several of the reported claims were related to energy, but one in particular caught my eye. The second “false” claim listed was “…unleashing American energy, where we’re now the largest in the world.” It isn’t clear whether the President was talking about all energy, or just oil.

But Mr. Dale’s fact check read: “U.S. government projects U.S. will be largest oil producer in 2023.”

Fact check on President Trump claims

(Click to enlarge)

If President Trump was talking about total energy production, he is absolutely correct. Further, per the BP Statistical Review of World Energy, the U.S. has been the world’s largest oil producer since 2014 (primarily because BP counts natural gas liquids as oil). I pointed this out to Mr. Dale on his Twitter feed.

According to this year’s BP Statistical Review of World Energy, in 2017 the U.S. ranked:

• #1 in total energy production
• #1 in oil production
• #1 in natural gas production
• #1 in nuclear power
• #1 in geothermal power
• #1 in biofuels
• #2 in wind power
• #2 in solar power
• #2 in coal production
• #4 in hydropower

To be clear, the U.S. did assume the global lead in energy production early during President Obama’s second term. However, U.S. energy production has continued to grow nearly every year since, and currently stands at an all-time high. Related: U.S. Drillers Add Double Digit Oil, Gas Rigs

To Mr. Dale’s credit, about half an hour after I pointed out that the U.S. is indeed the world’s top energy producer, he issued a mea culpa (but not before the original fact-check had spread to other sites): “I messed up on #2 here. The US government revised its oil estimate in July and now says the US might become top crude producer as soon as next year. And if you broadly define “energy” to include more than oil, the US has been the world’s top producer for some time.”

I commend him for correcting the record on this point.

ADVERTISEMENT

By Robert Rapier

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News