The U.S. oil industry had a record-breaking year in 2023, achieving over 13.2 million barrels per day in September, despite facing stringent regulations and a challenging environment.
Last year, U.S. crude oil production broke another record. This in itself is not exactly news. The shale oil industry has been breaking records for breakfast for years. But that was before the pandemic.
After the pandemic, many pronounced the shale .
The domestic US oil and gas industry set new production records during 2023 even as government planners allocate hundreds of billions in subsidies to replace its use.