Trump Effect

TRUMP EFFECT: Guess Who’s The World’s Largest Oil Producer Now…

Talk about a magic wand.

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In the lead up to the 2016 election, there were a number of bizarre and absurd claims being made about the possibility of a Donald Trump presidency.  We had heard the possibility of everything from Civil War to nuclear annihilation on the extreme edges of the spectrum, while in the shallow end we had pundits of all stripes concerned over the possibility of a worldwide collapse of the economy.

Of course, for those of us who have been paying attention, we understand something quite different to be true.

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The Trump Effect, as it has so lovingly become known, has been the incessant wave of success attributed to America under the guidance of CEO-in-Chief Trump.  From jobless claims and the stock market breaking records at a dizzying pace, all the way to the reunification of the Korean Peninsula, Donald Trump has been sincerely obliterating expectations in his scant time behind the desk in the Oval Office.

Now, another hurdle has been crossed, and it’s a huge feather in the cap for our President.

President Donald Trump’s America First energy policy has catapulted the United States to the world’s largest global crude oil producer, according to the Energy Information Administration(EIA).

EIA’s Short-Term Energy Outlook (STEO) report states preliminary estimates show the U.S. feasibly overtook Saudi Arabia and Russia to become the top crude oil producer earlier this year. The report notes U.S. crude production in February outstripped Saudi Arabia’s for the first time in over 20 years. Further, U.S. crude production in June exceeded Russia’s crude oil output for the first time since February of 1999.

EIA data signals the U.S. will maintain its position as the world’s largest global crude oil producer through 2019.

“U.S. crude oil production, particularly from light sweet crude oil grades, has rapidly increased since 2011. Much of the recent growth has occurred in areas such as the Permian region in eastern Texas and western New Mexico, the Federal Offshore Gulf of Mexico, and the Bakken region in North Dakota and Montana,” STEO principal contributorsTim Hess and Candace Dunn write.

If we were to measure the President’s successes the way that football players measure big plays, by adorning their headgear with creative tally-marks, Donald Trump would need a much, much bigger hat.

 

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