the staff of the Ridgewood blog
Ridgewood NJ, so which number is larger is it a) 13 million or b) 11 million. If you answered b, you must work for the Biden administration. Under Trump, 13 million was the peak barrels produced per day, and 11 million is the latest estimate of production under Biden.
Yet these facts don’t seem to matter much. Responding to criticisms about Biden’s war on American energy, White House chief of staff Ron Klain shared a chart on Twitter showing oil production higher than any of his five predecessors. Biden has said the United States is “approaching record levels of oil and natural gas production.” Apparently Ron is not a math major or is he using some kind of “New math”.
The price of oil is around $110 a barrel and is now almost double what it was when Trump was president, the fact that production is now lower than it was peak Trump indicates how much energy has been lost. We estimate given the price changes, the U.S. should be 2 to 3 million barrels of added production every day.
Here’s the chart on oil production from the Energy Information Administration:
But CNN and the White House are pushing the narrative that Big Oil is not taking advantage of all the approved permits. They even pushed that political legislation to prevent gouging. The funny thing is, my liberal friends believe it.