Trump Says He Created and Saved US Oil Industry
U.S. President Donald Trump claimed to have created and saved the U.S. oil industry in a White House roundtable with stakeholders positively impacted by law enforcement on Monday.
“I created it; we became number one. We have millions of jobs. And we saved it, so Texas is not going to have to let go of millions and millions of people. Oklahoma, North Dakota — many states,” Trump said at the roundtable.
“We’re at $40 a barrel, and yet, you can buy gasoline for under $2. Nobody has ever seen it like this. So we have the biggest energy in the world. We’re number one in oil, as you know — oil and gas — by far. We’re now number one in the world. And we would have had millions of people out of work. I saved it,” he added.
During the discussion, Trump also mentioned that his administration had some poll numbers “a little while ago” which are “great”.
“We’re doing very well. We’re doing well in Georgia, we’re doing well in Texas. I read where I was one point up in Texas. I’m not one point up in Texas; we’re many points up,” he stated.
“To think that after saving the oil and gas business, and millions and millions of jobs — I’m leading Texas by one point? I don’t think so,” he added.
According to BP’s latest Statistical Review of World Energy, the U.S. became the world’s top crude oil and condensate producer in 2019 with an output of 12.2 million barrels per day (MMbpd). BP’s Statistical Review shows that U.S. output steadily rose from 5.3 MMbpd in 2009 to 9.4MMbpd in 2015, dropped slightly in 2016, then continued climbing every year to 2019.
Poll aggregations for the 2020 U.S. general election by 270towin and RealClearPolitics currently have Joe Biden leading Trump by 47.6 percent to 39.3 percent and by 49.3 percent to 40.3 percent, respectively.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension