While the United States’ 20 million barrel-per-day oil demand has never been higher, the current maximum production levels have hardly touched half this amount — even while setting new records due to cost-effective fracking technology — reaching 10 million bpd. America shares that level with co-world oil production leaders Saudi Arabia and Russia.
One would think U.S. demand would call for even greater expansion to close the crude oil demand gap. However, former President Barack Obama and 2016 presidential Democratic nominee Hilary Clinton made it quite clear in their joint party platforms that fossil-fuel development blocked “climatological purity” objectives, to which the Democratic Party had committed as its major world-leading objective.