In 2019, while campaigning in New Hampshire, Joe Biden promised to "End fossil fuel." Not only has he failed to keep his promise, oil consumption has reached a new all-time high.
Domestic oil consumption hit 20.5 million barrels in 2023, according to the U.S. Energy Information Administration, after falling off in 2020, when the authoritarians demanded that we hide under our beds.
"Regardless of which estimate is correct, it is clear that oil demand continues to grow along with the global economy," says Bryce.
Oil consumption is not a waste of precious resources, nor is crude a commodity that is easily replaced by expensive and unreliable renewable sources.
Thousands of items that have become essential are the products of crude oil and natural gas, often found in crude deposits.
Yes, we know the "Smart" folks out there will say we could and should minimize drilling by consuming just enough oil to keep making those products while relying on renewables for transportation and electricity.
Omnipresent plastic items and other petrochemical-based products that we use and see every day are made from naphtha, which is produced when crude oil is separated into different groups of substances, including hydrocarbon fuels, and when natural gas is processed.
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