Why the U.S. Is Pumping More Oil Than Any Other Country in History

If all goes well, 2023 will be remembered as the year the clean-energy revolution took off in America. Hundreds of billions of dollars in climate-related spending flowed into the U.S. economy. Nearly 300 clean-energy projects were announced across the country, and electric-vehicle sales hit a new record. “America is once again leading the world in the fight against climate change,” Joe Biden wrote, not unreasonably, in a presidential proclamation in October.

Here’s something else America is leading the world in: oil production. This year, the United States pumped out more oil than any other country in history, producing millions more barrels than Russia or Saudi Arabia ever have and accounting for almost a fifth of the world’s total oil production. And the Biden administration played a part in making it happen.