Home » Environmental News » US Oil & Gas Production Projected To Surpass Records In 2023, Defying UN Climate Goals
In a stark challenge to United Nations climate goals, the United States is on the brink of surpassing previous oil and gas production records in 2023. Despite heightened awareness and warnings from President Joe Biden about the unfolding climate crisis, the latest federal government forecast projects a staggering 12.9 million barrels of crude oil to be extracted in 2023 – more than double the production of a decade ago. Read more about Oil and gas production Projected to surpass records in 2023 in this article.
Gas production is also slated to break records. New export terminals on the Gulf of Mexico coast trigger a boom expected to double US liquefied natural gas (LNG) exports within the next four years.
This surge in fossil fuel production is forecasted to continue until 2050, an alarming trajectory as scientists emphasize the urgent need to eliminate planet-heating emissions by then. Oil and gas production is Projected to surpass records in 2023. A recent report reveals that one-third of the world’s planned oil and gas expansion is concentrated in the US during this period.
As global leaders convene at the COP28 climate summit in Dubai, the European Union and other nations advocate for an agreed-upon “phaseout” of fossil fuels. However, the booming US fossil fuel production poses a significant challenge to these ambitions.
While President Biden has championed clean energy and implemented pollution-reducing measures, the proliferation of domestic oil and gas drilling has raised concerns among scientists and climate activists. Critics argue that the US, with its escalating fossil fuel production, lacks the moral authority to lead the phaseout of fossil fuels on the international stage.
Amidst the unfolding of the COP28 summit, the US delegation, spearheaded by climate envoy John Kerry, confronts the intricate challenge of steering agreement language for the phased reduction of unabated fossil fuels. The delicate task encapsulates the tension between the world’s current dependence on fossil fuels and the aspirational vision of a clean, non-emitting future, underscoring the formidable challenges ahead.
These deliberations hold immense significance, as their outcome is poised to resonate beyond the boundaries of the United States. They will influence the nation’s energy landscape trajectory and wield the power to shape global climate action. The intricate balance between accommodating the pressing energy needs of today and ushering in a sustainable, emissions-free tomorrow complicates the negotiation process.
As the international community grapples with the urgency of climate change, the decisions made by the US delegation at Cop28 will reverberate globally, setting a precedent for other nations and steering the course towards a more sustainable future. The delicate dance between present necessities and future aspirations encapsulates the essence of the challenges that define the crucial negotiations at this climate summit.