Face the Facts: U.S. oil production is up—but not enough

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Since mid-2009, more than 1,100 new oil rigs have begun pumping in the United States, or about one new rig per day.

Even though domestic oil production has reached its highest point since 2003, with most of the 5.7 million barrels produced each day in the U.S. coming from Texas, Alaska and North Dakota, which recently surpassed Alaska for the number two position.

North Dakota oil drillers pumped 152.9 million barrels of crude oil in 2011a record, surpassing the previous year’s mark by nearly 40 million barrels. The number of wells in the state increased by 200 in one month, from Febrary to March.

There are signs that production is going to continue to increase. And that’s a good thing. Because we still depend on imports to get our daily dose.

The U.S. produces less than one-third of the oil consumed by Americans, which was 19.2 million barrels a day in 2010twice as much as we burned in 1960.

Where do we get the rest?

Most of it comes from Mexico and Saudi Arabia, which supplies about 4.5 million barrels a day for U.S. consumers.

The George Washington University School of Media and Public Affairs collected this data for its Face the Facts initiative, which will release one fact per day starting 100 days before the election Nov. 6.

 

 

FTF in Domestic Oil

 

 

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Source: George Washington University

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