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Stupid shit like this happens when you abdicate your job to climate morons.

EU of ALL Energy Products (Oil, Gas, Coal) was $76B in 2024. Sounds like either a Gun to the Head of the EU to be a "Sole Source" Supplier and thereby allow Trump to threaten withholding energy whenever it suits him (or Putin). Note that the U.S. is already the top supplier of LNG to the EU (45% of their imports)...and we don't have the current capacity to ramp up production that fast...note also that Industry reports show that 'Fracking' has already peaked here in the U.S...we need to scale back, while accelerating other sources like Nuclear and Renewable Energy.

Link: https://seekingalpha.com/news/4473043-us-eu-750b-energy-trade-deal-sets-impossible-sales-goal---argus

In 2024, the United States produced a record high of 857.9 million metric tons of oil. Also, in 2024, the US produced 37.8 trillion cubic feet of natural gas, with 11% of that coming from federal onshore lands.
U.S. Oil Production (in million metric tons):
2024: 857.9
2023: 829.5
2022: 766.2
2021: 717.9
2020: 713.5
2019: 751.1
2018: 670
2017: 574.3
2016: 542.9
2015: 566.7
2014: 524.1
2013: 448.6
2012: 395.3
2011: 346.4
2010: 333.1
2009: 322.6
2008: 302.2
2007: 305
2006: 304.5
2005: 309
2004: 325.4
2003: 332.6
2002: 341.9
2001: 344.5
2000: 347.6
1999: 352.6
1998: 368.1
U.S. Natural Gas Production (in trillion cubic feet):
2024: 37.8
2023: Approximately 36.35
2022: 36.35
2020: 33.8
2005: 18.9

'Fracking'. but as we're finding out now, that 'Play' is showing signs of 'Peaking'...not my call...it's the O&G Industry's call...as you can see for yourself by clicking on links within this AI overview of the issue...

You need to think beyond just today...Trump's "Deal" is a poor one for all of us.

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AI Overview

While it's not definitively clear if fracking has peaked, there are indications that U.S. oil production from shale formations, largely driven by fracking, may be nearing a peak or plateau. Several factors point to this, including declining growth rates in key shale plays, companies cutting back on drilling and fracking crews, and a shift in investment towards lower-carbon assets.

Peak US Oil Production Looms as the Domestic Shale Boom Ends ...

Here's a more detailed look:

Slowing Growth:

While the U.S. has seen a massive surge in oil production from shale formations in recent years, the rate of growth is slowing down.

Maturity of Shale Plays:
Major shale plays, like the Permian, are maturing, making it more challenging and expensive to find and extract oil.

Industry Cutbacks:
Companies like Diamondback and Coterra have announced reductions in drilling and fracking activity, citing factors like lower oil prices and the need to manage costs.

Shifting Investments:
Some companies are directing capital towards other areas, including lower-carbon energy sources, suggesting a potential shift away from aggressive shale development, according to Shale Magazine.

EIA Projections:
The US Energy Information Administration (EIA) still projects record oil production this year, but the pace of growth is slowing, and some projections now anticipate a peak around 2027, according to GIS Reports.

While these factors suggest a potential peak, it's important to note that the industry has a history of adapting and overcoming challenges. The future of U.S. oil production will depend on various factors, including oil prices, technological advancements, and investment decisions.
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Link: https://www.google.com/search?client=safari&rls=en&q=has+fracking+peaked+in+the+U.S.%3F&ie=UTF-8&oe=UTF-8

Wherever we find oil, we will drill for it, pump it out of the ground and burn it. In the US and every other nation on the planet.

...now we have to squeeze it out of rocks...that's "Peaking"...what's next? btw, the Alaskan Reserve is estimated to have 6 months of capacity at current consumption rates...does that make you feel better?...will it meet the needs of your progeny? Do you care if you're wrong about this?

Second, given the nearly undeniable truth of the first, who gives a fuck? Why spend so much time worrying about an inevitability?
Third, humans are terrible at mitigation and excellent at innovation.

Spend the money on advances in sustainable agriculture, water quality, infrastructure in Africa, etc.

and Power?...here's a summary of those critical other uses...We need to save as much as we can of those compounds.
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AI Overview
Oil and natural gas have numerous uses beyond being burned for energy. They serve as raw materials, also known as feedstocks, for various industrial processes that create a vast range of products that are integral to our daily lives.
Here are some key categories of uses for oil and gas that do not involve burning them:
1. Plastics and polymers
Building blocks for plastics: Oil and natural gas liquids (like ethane, propane, and butane) are the main raw materials used to create the monomers (small molecules) like ethylene and propylene, which are the fundamental building blocks of most plastics.
Diverse plastic products: These polymers are then transformed into a multitude of plastic products, including packaging, electronics, automotive parts, furniture, toys, and medical devices.
2. Fertilizers and agricultural chemicals
Nitrogen-based fertilizers: Natural gas is the primary source of hydrogen needed to produce ammonia, which is a key component in nitrogen-based fertilizers like urea.
Other agricultural uses: Petrochemicals derived from oil and gas are also used to make pesticides, herbicides, and other agricultural chemicals that enhance crop yield and protection.
3. Solvents and lubricants
Solvents: Various petroleum-derived solvents, such as mineral spirits and naphtha, are used in paints, coatings, adhesives, and cleaning solutions.
Lubricants: Oil-based lubricants, including motor oil and greases, are essential for reducing friction and wear in vehicles, machinery, and industrial equipment.
4. Construction materials
Bitumen/Asphalt: Bitumen, a viscous material derived from crude oil, is the primary binder used in asphalt for road construction and paving.
Roofing and waterproofing: Bitumen is also used in roofing felt, sealants, and other waterproofing applications.
5. Personal care products and pharmaceuticals
Cosmetics and toiletries: Many beauty and personal care products, including perfumes, hair dyes, cosmetics, soaps, shampoos, and lotions, contain petroleum-derived ingredients like propylene glycol and mineral oil.
Pharmaceuticals: Petrochemicals are used in the manufacturing of various pharmaceutical drugs, including painkillers like aspirin and certain vitamins.
6. Other applications
Synthetic fibers: Polyester, nylon, spandex, and other synthetic fibers used in clothing, carpets, and various textiles are derived from petrochemicals.
Specialty chemicals: Oil and gas also serve as feedstocks for a wide array of specialty chemicals with diverse applications in industries like textiles, electronics, and automotive.
The uses of oil and gas extend far beyond their traditional role as fuels. They are indispensable as raw materials and building blocks for countless products that have shaped modern society, highlighting their pervasive presence in our daily lives.
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I mean we need people to cash out at 75… right?

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