How the US quietly became the world's top oil producer
Net oil imports are dropping and the U.S. now produces more crude oil than any other country
What happened?
In President Joe "Biden's America," Sen. Chuck Grassley (R-Iowa) tweeted Wednesday, the federal government "chooses energy dependence over energy DOMINANCE AND INDEPENDENCE." In reality, net oil imports are dropping and "the U.S. produces more crude oil than any other country on the planet," Marketplace said.
The commentary
The U.S. becoming the world's top oil producer "would've sounded absurd just a decade ago," especially because "we're producing all that oil with far fewer rigs," thanks to drilling innovations, Marketplace said. "No president has overseen energy production like Biden has," but he "isn't bragging" about it, Jim Tankersley said at The New York Times. Record oil and gas production has "strengthened Biden's hand in foreign policy" and it "helps reduce energy costs" at home, but "all that production has brought Biden grief from environmental groups" and "young progressive voters."
What next?
Biden "loves to talk about" the solar and wind power surging under his watch. But it's a "tough balancing act," Ryan Cummings, a White House economist who created a never-published 2023 chart showing America's energy boom, said to the Times. "You want to reduce emissions, but you need a bridge to get there."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Today's political cartoons - January 19, 2025
Cartoons Sunday's cartoons - moving to Canada, billionaire bootlickers, and more
By The Week US Published
-
5 inflammatory cartoons on the L.A. wildfires
Cartoons Artists take on climate change denial, the blame game, and more
By The Week US Published
-
The problems with the current social care system
The Explainer The question of how to pay for adult social care is perhaps the greatest unresolved policy issue of our time
By The Week UK Published
-
DeSantis appoints Florida's top lawyer to US Senate
Speed Read The state's attorney general, Ashley Moody, will replace Sen. Marco Rubio in the Senate
By Rafi Schwartz, The Week US Published
-
Pam Bondi downplays politics at confirmation hearing
Speed Read Trump's pick for attorney general claimed her Justice Department would not prosecute anyone for political reasons
By Rafi Schwartz, The Week US Published
-
Biden warns of oligarchy in farewell address
Speed Read The president issued a stark warning about the dangers of unchecked power in the hands of the ultra-wealthy
By Peter Weber, The Week US Published
-
Hegseth boosts hopes for confirmation amid grilling
Speed Read The Senate held confirmation hearings for Pete Hegseth, Trump's Defense Secretary nominee
By Peter Weber, The Week US Published
-
Biden removes Cuba from terrorism blacklist
Speed read The move is likely to be reversed by the incoming Trump administration, as it was Trump who first put Cuba on the terrorism blacklist in his first term
By Rafi Schwartz, The Week US Published
-
South Korea arrests impeached president
speed read Impeached South Korean President Yoon Suk Yeol has been detained, making him the first sitting president to be arrested in the country's history
By Peter Weber, The Week US Published
-
'His disdain for international rules could eviscerate the laws of war'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
House GOP unveils bill for Trump to buy Greenland
Speed Read The bill would allow the U.S. to purchase the Danish territory — or procure it through economic or military force
By Rafi Schwartz, The Week US Published