Washington Update From the U.S. Oil and Gas Association - 1.19.2024
Supreme Court Chevron Doctrine
January 18, 2024
Snow Emergency:
It snowed three inches in Washington D.C. on Tuesday, closing the federal government for the day and postponing votes in Congress. By contrast – the weather at the USOGA country office was 12 inches of new snow and -15 degrees. School started on time.
Some experts are legitimately questioning the federal bureaucracy’s ability to win a war.
From 2012 through 2022, 116% of the global increase in oil production came from the U.S.
I’ve shared this statistic before, but it’s always amazing. From 2012 through 2022, global oil production increased by 7.6 million barrels a day. Over the same time period, U.S. production increased by 8.8 million barrels a day. In other words, U.S. oil production was 116% of the global increase over the last 10 years.
These numbers don't include 2023 yet and U.S. production was even higher in 2023.