How U.S. oil production reached an all-time high in 2023

Clifford Krauss, The New York Times:

Great to be with you again, William.

Really, the story begins about 15 years ago with fracking, right, where, suddenly, the United States became a production powerhouse. And it’s had its ups and downs, but, in the last year or so, there has been almost an unprecedented increase in production, actually the most since 2014.

And so at this point, the United States, as you mentioned, is producing about 13.5 million barrels a day, and we’re heading towards 14 million barrels a day. That is more oil than any country in the world. That is a record for the United States, and it may well be the record for any country in the world.

And we are now, after Saudi Arabia, the biggest — we are we’re exporting more oil than any member of OPEC, save Saudi Arabia.

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