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The president's economic aides put together a massive report on the economy every year. It's a 400-plus-page tome outlining where we've been, where we are, and where we might be heading next.
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 U.S. is producing more oil than ever, and that's helping gas prices stay low. However, even amid inflation anxiety, the Biden administration isn't openly celebrating the increased output.
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 ...
For the 13 presidents beginning with Truman, total job creation was about 70.5 million for the 7 Democratic presidents and 29.1 million for the 6 Republican presidents. The Democratic presidents were in office for a total of 429 months, with 164,000 jobs per month added on average, while the Republicans were in office for 475 months, with a ...
Oil prices slid on Tuesday after President Donald Trump signed executive orders aimed at unleashing US production and hinted at tariffs against trading partners Canada and Mexico, sparking fears ...
2023 marked the sixth straight year that the United States led the world in oil production; [3] shale oil fracking has dramatically increased the country's oil output since 2010. The United States also became a net petroleum exporter in 2020, for the first time since at least 1949. [4] U.S. crude oil exports reached a record high in the first ...
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 ...