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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 ...
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 ...
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.
In January 2021, when President Joseph R. Biden Jr. became president, the United States was still "energy independent" even though domestic crude oil production had declined to 10,900,000 barrels of crude oil per day from its 13,100,000 peak. As demand recovered from the pandemic, the United States lost its "energy independence" until it ...
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 ...
Former President Joe Biden has faced off against current President Donald Trump in three separate presidential debates: First 2020 United States presidential debate; Second 2020 United States presidential debate; 2024 Joe Biden–Donald Trump presidential debate
They point out that the U.S. is producing more oil and natural gas than any other country and the Biden administration’s Inflation Reduction Act boosted renewable energy at a critical time ...
One of those sources is domestic. US oil production is likely to hit record highs during the next several months, and not because of any policy Biden has rolled out. It’s simply profitable for ...