Posted 3/13/2024, 11:30:00 AM
U.S. Leads World in Oil Production Under Biden, While Aiming to Advance Clean Energy
- U.S. oil production reached a record high of nearly 13 million barrels per day in 2023 under Biden's presidency
- America has outpaced Russia, Saudi Arabia and OPEC in crude oil production for the past 6 years
- Biden has approved more drilling permits and projects than Trump did at the same point in his presidency
- Increased U.S. oil production has helped keep gas prices low despite global supply chain disruptions
- Biden aims to balance expanded U.S. oil production with his climate goals through clean energy incentives in the Inflation Reduction Act