TEW Magazine

  (Source – Down To Earth) As the global community grapples with the urgent challenge of climate change, environmental activists advocate for a phase-out of the  U.S. oil production industry , contending that it is essential for a sustainable future. Meanwhile, Republicans argue that President Joe Biden is already taking steps in that direction. Contrary to these debates, the surprising reality unfolds as the United States is pumping oil at an unprecedented pace and is poised to achieve a historic milestone in oil production. According to a report published by S&P Global Commodity Insights on Tuesday, the United States is set to achieve a global record of producing 13.3 million barrels per day of crude and condensate in the fourth quarter of this year. Recent data from the U.S. Energy Information Administration reveals that weekly U.S. oil production reached 13.2 million barrels per day last month, surpassing the previous record set during the Donald Trump era just before ...