The United States is producing hundreds of millions fewer barrels of oil per day than it could have if the Biden administration had sought to continue Trump-era policies, an energy expert told members of the House Oversight Committee’s Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs Committee at a March 29 hearing.
“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.
