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Joe Biden Tops Donald Trump in Crude Oil Milestone
(www.newsweek.com)
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this post was submitted on 01 Dec 2023
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Does anyone remember the "energy self sufficiency" argument from Trump fans after Biden became president?
Domestic oil production has been going broadly up and to the right since the fracking boom/bust, and we happened to hit the same level of production as we use during the Trump presidency.
There was some slight market downturn in production in early 2021, and the headline Trump folks got from that is that "Trump got us energy self sufficiency and Biden destroyed it." And when asked the mechanism for how he might have done that before passing any major legislation the answer was just "vibes"
Of course, production has still been increasing over the long term so it became no longer true pretty quickly and I haven't seen this argument in a while but it's one of those things that I wish I could have bookmarked to go back and say I told you so, the thing that was obviously going to happen, happened.
The "energy self-sufficiency" crowd rubbed me the wrong way because they didn't think renewables were part of the equation. If you've got to buy oil and gas so you don't freeze to death you're not that independent.