Newsweek on Nostr: Joe Biden Is Producing More Oil Than Donald Trump Did ========== American oil ...
Joe Biden Is Producing More Oil Than Donald Trump Did
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American oil production reached a record high of over 13.2 million barrels per day in October 2023 under President Joe Biden's administration, surpassing the previous high of 13 million barrels per day in November 2019 under Donald Trump's presidency. Despite Biden's focus on environmental policies and transitioning to a green economy, oil production levels have remained high. Environmentalists argue that the current levels of oil production are unnecessary for the transition to renewable energy and that Biden has the power to curtail it. However, experts suggest that keeping production high and prices low is a signal to the wider electorate that Biden is serious about tackling inflationary pressures. While domestic oil production has increased, the number of drilling permits on public lands has not significantly reduced. Concerns remain about the impact of a U.S. export ban on global oil prices and emissions. Biden's inaction on oil production may be influenced by concerns about inflation and the economy. Environmentalists argue that increasing oil and gas production hinders the transition to clean energy and undermines the urgency of phasing out fossil fuels. The issue of oil production could impact Biden's reelection prospects, particularly among climate-conscious voters. Biden's silence on the issue may be an attempt to appeal to mainstream voters who prioritize the economy. Overall, the article highlights the tension between Biden's environmental goals and the economic considerations of oil production.
#JoeBiden #DonaldTrump #OilProduction #Environment #RenewableEnergy #ClimateChange #Inflation #2024Election
https://www.newsweek.com/joe-biden-producting-more-oil-donald-trump-environment-1858714
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American oil production reached a record high of over 13.2 million barrels per day in October 2023 under President Joe Biden's administration, surpassing the previous high of 13 million barrels per day in November 2019 under Donald Trump's presidency. Despite Biden's focus on environmental policies and transitioning to a green economy, oil production levels have remained high. Environmentalists argue that the current levels of oil production are unnecessary for the transition to renewable energy and that Biden has the power to curtail it. However, experts suggest that keeping production high and prices low is a signal to the wider electorate that Biden is serious about tackling inflationary pressures. While domestic oil production has increased, the number of drilling permits on public lands has not significantly reduced. Concerns remain about the impact of a U.S. export ban on global oil prices and emissions. Biden's inaction on oil production may be influenced by concerns about inflation and the economy. Environmentalists argue that increasing oil and gas production hinders the transition to clean energy and undermines the urgency of phasing out fossil fuels. The issue of oil production could impact Biden's reelection prospects, particularly among climate-conscious voters. Biden's silence on the issue may be an attempt to appeal to mainstream voters who prioritize the economy. Overall, the article highlights the tension between Biden's environmental goals and the economic considerations of oil production.
#JoeBiden #DonaldTrump #OilProduction #Environment #RenewableEnergy #ClimateChange #Inflation #2024Election
https://www.newsweek.com/joe-biden-producting-more-oil-donald-trump-environment-1858714