US oil production hits new all time high under Biden
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US oil production hits new all time high under Biden
12.8 million barrels per day. A record.
https://edition.cnn.com/2023/08/09/business/oil-production-biden-trump/index.html
https://edition.cnn.com/2023/08/09/business/oil-production-biden-trump/index.html
Sprintcyclist- Posts : 5753
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Re: US oil production hits new all time high under Biden
That is great news. However, according to your article:
The American Petroleum Institute, an oil trade group that has been critical of the Biden administration’s regulatory efforts, noted that approved federal permits and new federal acres leased have both fallen sharply under Biden.
“American oil and natural gas production is growing to meet rising demand, but that supply growth is largely from existing US projects approved in the 2010s,” an API spokesperson said in a statement to CNN. “American producers are poised to do more to strengthen US energy security and support jobs and local economies, but we need the right policies from this administration to do it.”
The American Petroleum Institute, an oil trade group that has been critical of the Biden administration’s regulatory efforts, noted that approved federal permits and new federal acres leased have both fallen sharply under Biden.
“American oil and natural gas production is growing to meet rising demand, but that supply growth is largely from existing US projects approved in the 2010s,” an API spokesperson said in a statement to CNN. “American producers are poised to do more to strengthen US energy security and support jobs and local economies, but we need the right policies from this administration to do it.”
hurricanehook- Posts : 275
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