- Oct 18, 2011
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The US is producing more oil than any country in history | CNN Business
As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue he’s already doing that. Meanwhile, the surprising reality is the United States is pumping oil at a blistering pace and is on...
amp.cnn.com
Before the Democrats start spiking the football, taking all of the credit, and standing by their climate change policies not impacting domestic oil prices, let’s look at ALL of the facts:
* US Oil companies have become more production efficient in the face of Biden Administration limiting drilling,exploration, and infrastructure.
- Demand for Oil is down significantly in China
- OPEC has not substantially reduced production
- Willow Drilling Project Alaska - as the article states, the Biden Administration approved this project despite protests from climate activists.
Point being of this post, President Administrations don’t set gas prices but they sure can impact them positively by pushing policies that leave US less dependent on foreign oil. The Biden Administration deserves credit for the Willow drilling project while the Domestic Oil industry deserves the bulk of the credit for getting creative and more efficient in the face of the restrictive policies the Administration pushed back in 2021.