And that’s a good thing or a bad thing? It’s good to use it up in 50ish years, or bad to us it up in 50ish years?
The only problem with this is oil consumption rates increase every year. Next year we will consume 1-2 million more barrels of oil per day. The same will happen the following year and the year after that and so on. I don’t know what “proven reserve equivalent” means.
Remember when we produced our own natural gas and our own oil.
Those were the days the country actually had leadership and direction. And than along came sleepy Joe.
The Russians smelled his weakness from the other side of the world.
They are exactly the same today for regular here in N. MI, Scott.
I didn’t even look at the total, I just filled up.
You mean, now?
To fill in the graph head to https://www.eia.gov/
PolitiFact | Oil production in Biden’s first year on par with Trump
I’m doing both. Complaining about high gas prices and being grateful my neighborhood has not been obliterated.
I think we can put Ukrainian’s first and make good decisions at home to mitigate the impact.