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However, even amid inflation anxiety, the Biden administration isn't openly celebrating the increased output. The U.S. has been producing 13.2 million barrels of crude oil per day, according to ...
The leading crude oil-producing areas in the United States in 2023 were Texas, followed by the offshore federal zone of the Gulf of Mexico, North Dakota and New Mexico. [2] The United States became the largest producer of crude oil of any nation in history in 2023. [3] Natural gas production reached record highs. [4]
The following chart shows how US production hit a new high during Obama’s presidency in 2015, hit another series of highs under Trump, and then dropped sharply after COVID hit in 2020.
Last month, weekly US oil production hit 13.2 million barrels per day, according to the US Energy Information Administration. That’s just above the Donald Trump-era record of 13.1 million set in ...
In Biden’s case, many of the dynamics that supercharged oil and gas industry profits during his presidency were not directly related to his administration’s policies: Russia’s invasion of ...
Trump said on the campaign trail that "unleashing American energy" — specifically oil and gas — and reversing the Biden administration's climate rules would lower prices at the pump and be an ...
Critics accuse President Joe Biden of waging a war on the oil industry that is hurting consumers at the gas pump. And yet, on his watch, US oil production is poised to shatter all-time records set ...
The challenger Trump would keep taxes where they are or cut them further, slash government, ditch green energy incentives, drill more oil, and broadly withdraw the United States from global conflicts.