US Enjoying Record Oil Production—But Is It Sustainable?

Crude oil production hits 13.3 million barrels per day.
US Enjoying Record Oil Production—But Is It Sustainable?
Oil pumps are seen in Karnes County, Texas, on May 18, 2020. Jennifer Hiller/Reuters
Andrew Moran
Updated:
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The United States is producing record amounts of crude oil today, exceeding pre-pandemic levels, despite President Joe Biden’s promise in 2020 to “end fossil fuel.”

Since the beginning of October, domestic crude output has accelerated and reached as high as 13.3 million barrels per day (bpd), according to the Energy Information Administration (EIA).

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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