America Producing Record Amounts of Oil and Gas

Drill baby drill is working.

Under Biden, US oil and gas production were driven not by pro-energy policies but by high crude prices. Crude was over $100 in 2022 and generally ranged between $70 and $85 for the rest of Biden’s term. As we demonstrated, the barrel price would have pushed production much higher had it not been for Biden’s anti-fossil fuels climate policies.

In just six months, Donald Trump has brought America’s oil and gas production to its highest levels ever, not driven by high prices but by pro-production policies.  Now, the price is closer to $60 a barrel and yet domestic production is at an all-time high.

The Energy Information Administration reports forecasts that gas prices will keep falling to below $3 a gallon by next year.

The big story here, of course, is fracking and horizontal drilling which has roughly tripled American production in the last 15 years or so.

Here are two amazing headlines based on the latest numbers:

What a difference a president makes. Biden’s first executive order was to cancel the Keystone XL pipeline to slow oil and gas delivery across the country. The first day executive order from Trump was to make oil and gas production a national security and economic priority.

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