Gulf Of Mexico Hits Record Daily Production -- Peak Oil? What Peak Oil? -- January 8, 2020

Google "doofus-in-chief." That will have to wait. But, rest assured, we'll get to it.

Was this on last night's network evening news? Would Walter Cronkite have mentioned it? Why did President Trump not mention it? Oh, that's right ... tied up with planning for impeachment hearings; taking out terrorists; monitoring a kerfuffle over Iraq; being briefed on a Ukrainian a/c with 167 SOB most likely shot down by errant Stinger missile; reading up on earthquake history in and around Tehran; having late dinner with SecState Pompeo; praying per Pelosi's prancing; planning next MAGA-rally ...

... sorry for the digression. Sometimes I get ahead of myself ... where was I? Oh, that's right.

Gulf of Mexico hits record daily production.

Not "recent" record production, but all-time record daily production.

Remember all that hand-writing about less CAPEX being spent off-shore? 

Records, records, records:

The U.S. Gulf of Mexico (GOM) made history in August 2019 as it exceeded oil production of 2 million barrels per day according to the U.S. Bureau of Safety and Environmental Enforcement.

The record average daily production from the GOM comes after the Outer Continental Shelf experienced a record-setting 2018. This included oil production of more than 640 million barrels in federal waters.

Production increases in 2019 paved the way for $2.34 billion more offshore royalty revenue for the Federal Treasury. In addition, GOM production will continue to set records through 2020, according to the U.S. Energy Information Administration.