Experience Stern | Faculty & Research

The Department of Energy recently announced that the United States achieved a record average oil production of 12.9 million barrels per day in 2023. To punctuate the point, the agency noted last year’s domestic output produced “more crude oil than any nation at any time” in history.

Many apologists for the Biden administration have seized on the report as proof that this White House is not trying to kill the oil and gas industry, arguing that any talk of an anti-fossil fuel climate agenda is just more fake news heading into this year’s presidential contest.

As the late Joan Rivers would say, “Oh, please.”

Read the full Washington Examiner article.
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Paul Tice is an Adjunct Professor of Finance at NYU Stern.