The United States is producing millions fewer barrels of oil per day—and hundreds of millions fewer in total—than it could have if it had matched trends under President Trump, according to testimony from an energy expert before the House of Representatives.
“Had the Biden administration simply mirrored the Trump administration’s production growth rate, daily oil production would have reached almost 15 million barrels by December 2022,” said Oliver McPherson-Smith, director for energy, trade, and environmental policy at the American Consumer Institute.
“This represents a hypothetical shortfall of almost 3 million barrels each day by December 2022, a significantly larger amount than the average OPEC member’s production of 2.23 million barrels per day in that same month,” he added….