Meanwhile, we can’t even get a pipeline built here in Canada.
As the Canadian energy industry is strangled by horrendous government regulations and foreign groups trying to poison the minds of our citizens against our own oil, the United States is surging ahead.
The U.S. has become the biggest oil producer on earth, jumping ahead of Saudi Arabia and Russia.
So far in 2018, the U.S. is estimated to average 10.7 million barrels per day of production. That’s up from 9.4 million barrels per day in 2017.
The U.S. is expected to grow production to 11.5 million barrels per day in 2019.
According to Oilprice.com, “The Gulf of Mexico and Texas will continue to lead the way in U.S. production, with Texas—and more specifically the Permian—shining particularly bright. EIA’s latest drilling productivity report said production in the Permian averaged 3.387 million bpd in August, and is set to rise to 3.42 million bpd this month. All in all, the shale patch contributed 7.43 million bpd to the national total in August and will contribute 7.522 million bpd to the total in September.”
In the video below, you can see some of the scale of development in the Permian Basin:
While the U.S. surges, the Canadian energy industry is facing a loss of confidence and investment.
The federal government is slamming Canadians with a carbon tax, imposing regulations that make pipeline approvals almost impossible, and are allowing foreign groups to try and turn Canadians against our energy industry while we buy oil from countries like Saudi Arabia.
While U.S. state governments – and now the U.S. Federal government – have shown strong support for the U.S. energy industry, the exact opposite is happening in Canada, and the consequences are clear for all of us to see.
Photo – YouTube