The global energy crisis may finally be coming to America. As Europe scrambles to secure LNG supplies, American companies are racing to lend a hand. With more American LNG flowing to Europe, the United States may be facing increased electricity bills this winter. Domestic oil production remains nearly a million barrels per day (BPD) below the monthly record level set just before the Covid-19 pandemic caused production to plunge. The all-time monthly high for oil production took place in November 2019 at 13.0 million BPD ( Source ). The all-time annual high was also in 2019, when U.S. production averaged 12.3 million BPD. Current U.S. oil production is 12.1 million BPD, while the average for the year so far is 11.9 million BPD. That is on pace to be the second-highest ever annual U.S. oil production. Natural gas production experienced a similar plunge due to Covid, but production has […]