Surging U.S. Oil Production Brings Down Prices and Raises Climate Fears
Written by Black Hot Fire Network on December 1, 2023
American oil fields are gushing again.
Only three years after U.S. oil production collapsed during the pandemic, energy companies are cranking out a record 13.2 million barrels a day, more than Russia or Saudi Arabia. The flow of oil has grown by roughly 800,000 barrels a day since early 2022 and analysts expect the industry to add another 500,000 barrels a day next year.
The surge in output has helped push down gasoline prices, which have fallen by close . . .
