Latest News by Industry

US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution

US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution

United States domestic oil production has hit an all-time high last week, contrasting with efforts to slice heat-trapping carbon emissions by the Biden administration and world leaders

United States domestic oil production hit an all-time high last week, contrasting with efforts to slice heat-trapping carbon emissions by the Biden administration and world leaders.

And it conflicts with oft-repeated Republican talking points of a Biden “war on American energy.”

The U.S. Department of Energy’s Energy Information Administration reported that American oil production in the first week of October hit 13.2 million barrels per day, passing the previous record set in 2020 by 100,000 barrels. Weekly domestic oil production has doubled from the first week in October 2012 to now.

With the United Nations and scientists saying the world needs to cut carbon emissions — from burning coal, oil and natural gas — by 43% by 2030 and down to zero or close to it by 2050, several developed countries across the world are dangerously producing more, not less, fossil fuels, experts say.