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U.S. Has Produced More Oil Than Any Country in History for Six Consecutive Years

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18 Mar, 2024

This post was originally published on Eco Watch

According to a new analysis by the Energy Information Administration (EIA), the United States has produced the most crude oil globally for six years in a row — more than any nation in history during that time.

In 2023, the daily average crude oil production in the U.S. was a record 12.9 million barrels, a press release from EIA said. Its production broke the previous global record set in 2019 of 12.3 million barrels. In December, the average U.S. crude oil production hit a monthly high of more than 13.3 million barrels per day.

“The crude oil production record in the United States in 2023 is unlikely to be broken in any other country in the near term because no other country has reached production capacity of 13.0 million b/d. Saudi Arabia’s state-owned Saudi Aramco recently scrapped plans to increase production capacity to 13.0 million b/d by 2027,” the EIA said.

Last year, the U.S., Saudi Arabia and Russia together produced 32.8 million barrels of oil per day — 40 percent of global production. Since 1971, the three nations have produced the most crude oil, with the next three biggest producers — Iraq, Canada and China — pumping out 13.1 million barrels combined, barely more than the U.S. total.

U.S. yearly crude oil production plateaued and began to decline overall for decades following a peak of 9.6 million barrels per day in 1970. In 2008, it hit a low of five million barrels a day.

“Crude oil production in the United States began increasing again in 2009, as producers increasingly applied hydraulic fracturing and horizontal drilling techniques, and has increased steadily since,” the press release said. “The only exception to U.S. production growth since 2009 was in 2020 and 2021, when demand and prices decreased because of the economic effects of the COVID-19 pandemic.”

South Belridge Oil Field near McKittrick, California is the fourth-largest oil field in the state and one of the most productive in the U.S., seen on April 24, 2020. David McNew / Getty Images

Recently, crude oil production in eastern New Mexico and western Texas — a region known as the Permian Basin — have been behind natural gas and crude oil increases in the U.S.

In 2017, Russia produced the most crude oil. However, its production growth has since fallen behind the U.S. Russia’s average annual production peaked at 10.8 million barrels per day in 2019.

In November 2022, Russia announced production cuts, along with other members of the Organization of the Petroleum Exporting Countries Plus (OPEC+). The following February, the country announced further voluntary cuts of half a million barrels a day.

“Although voluntary cuts have reduced recent production in Russia, we believe sanctions and voluntary actions by companies in response to the full-scale invasion of Ukraine have been the primary cause of the cuts. Actual cuts to production appear to be smaller than anticipated, however, and we estimate that production in Russia declined by only 200,000 b/d in 2023,” explained the EIA.

Saudi Arabia’s average yearly production peaked at 10.6 million barrels a day in 2022 — 1.3 million barrels fewer than the U.S. total for that year. Last year, Saudi Arabia’s crude oil production declined by roughly 900,000 barrels daily due to cuts by OPEC countries, as well as additional voluntary cuts made by the oil-rich country meant to offset less growth in demand.

“Production in Saudi Arabia could not exceed the 2023 production volume in the United States because state-owned Saudi Aramco’s stated production capacity is 12.0 million b/d, with about 300,000 b/d of additional capacity from its share of the Neutral Zone area shared with Kuwait,” the press release said.

The post U.S. Has Produced More Oil Than Any Country in History for Six Consecutive Years appeared first on EcoWatch.

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Urban 'placemaking' focus for $85m recreation centre

Urban 'placemaking' focus for $85m recreation centre

Sydney developer Billbergia Group has announced the Rhodes Recreation Centre — an $85 million, 9200 m2 multi-purpose community hub in Sydney’s Inner West.

Located at 6 Gauthorpe St and designed by architectural firm SJB, the recreation centre is in a three-level podium building beneath two high-rise residential towers — the 48-level Peake and 43-level Oasis. Together, they form stage two of the developer’s Rhodes Central Masterplan — a $3 billion, three-stage town centre project.

The Rhodes Recreation Centre was delivered under a $97 million Voluntary Planning Agreement (VPA) between the developer and City of Canada Bay Council. It will be handed over to council next month and is set to open later this year. Once complete, the masterplan will have delivered 25,000 m2 of dedicated public amenity, including retail, community facilities and open space.

With the NSW Government’s housing reforms set to address the housing shortage, the recreation centre will reflect the importance of ‘placemaking’ — a collaborative approach to designing and managing public spaces that enhances community wellbeing and fosters connections between people and their environment — in planning new urban communities.

It also presents a pathway for public and private sectors to collaborate and create social infrastructure while increasing housing supply in fast-growing suburbs.

The recreation centre is set to add vibrancy and pedestrian activity to the local streetscape, providing a diverse range of facilities that enhance the livability of the evolving suburb. These community amenities include two full-sized indoor sports courts, a gymnastics centre, a 70-place childcare centre, a community lounge, allied health services, and bookable spaces for local groups and events. It also provides a gym with cardio equipment, weights, group fitness rooms, a creche and an outdoor terrace, alongside a range of sustainability features.

Facilities at the Rhodes Recreation Centre. Images supplied.

“Rhodes Recreation Centre is the community heart of our high-density TOD development, bringing to life Billbergia’s vision for a future-focused, livable urban environment that prioritises amenity, not just density,” said Saul Moran, Development Director – Planning and Design at Billbergia.

The amenities within the two residential towers include a swimming pool, spa, sauna, children’s play area, library and theatre rooms. Pedestrian connections and through-site links provide access to Rhodes railway station and the Homebush Bay waterfront.

“The Rhodes Recreation Centre stands as a benchmark in successful public–private collaboration. Through a VPA with Canada Bay Council, we’ve created a pathway to unlock additional housing supply while delivering significant, lasting community infrastructure. It’s a clear demonstration of how thoughtful public and private partnerships can shape vibrant, livable neighbourhoods,” Moran said.

Located adjacent to Rhodes railway station, stage one of Billbergia’s Rhodes Central Masterplan was completed in 2021 and included the 13,000 m2 Rhodes Central Shopping Centre, with convenience retail, a Woolworths supermarket, medical facilities and the Bamboo Lane dining precinct.

Other previous projects include the 1.2 ha Phoenix Park in Rhodes, the $63 million Bennelong Bridge, the popular Baylink Shuttle service, the 3500 m2 Wentworth Point Community Centre and Library, and the Wentworth Point Pop-Up Town Square.

Billbergia’s ongoing focus on placemaking and social infrastructure also includes the $8.4 million delivery of a library at its mixed-tenure development, Arncliffe Central, in Sydney’s south. There is the potential for 75% of Arncliffe Central’s dwellings to be dedicated to social, affordable and essential worker rental housing, along with 3400 m2 allocated to childcare, convenience retail and cafes, and a 4000 m2 park with play space for both residents and the broader community.

Top image caption: The Rhodes Recreation Centre location with two planned residential towers, Peake and Oasis. Image supplied.

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