U.S. Oil Production Soars to Record Highs, Capping Prices and Undercutting Claims of Biden's War on Energy
• The US is on track to produce a record 13.3 million barrels of oil per day in Q4 2022, more than any country ever
• Shale oil production in Texas and New Mexico is driving growth
• High US oil output is helping keep a lid on global prices
• Despite attacks from Republicans, record oil production undercuts claims that Biden has waged a "war" on energy
• Biden has shifted from an anti-fossil fuel stance to pragmatically encouraging more drilling due to high prices