The United States energy market has just broken another record, turning the country into Saudi America.
According to the Energy Information Administration (EIA), U.S. crude oil production topped 12 million barrels per day (bpd) this past week, an all-time high.
The closest the country’s oil industry ever came to this figure was in the 1970s when output was 10 million bpd.
Here is a chart:
It is truly remarkable just how far the U.S. oil industry has come in just the last decade as output has skyrocketed 140 percent from five million to 12 million bpd.
Energy independence has finally arrived!
At the time of this writing, April West Texas Intermediate (WTI) crude oil futures are trading at $56.21 a barrel, and a barrel of crude is already up 21 percent year-to-date.
Americans won’t fight for freedom because they only care about money, bread and circuses, celebrities, sports, movies, music, alcohol, drugs, and sex now, but maybe Americans will wish that they had resisted tyranny when they get sent to the gulags and are pushed into the ovens.