hole in the republican argument. they may blame biden s green agenda for higher prices on the forecourt, but in truth that s not at the root of it. and if you look further you will see that right now america is in fact pumping oil at a faster rate than ever before. us oil production is forecast to average an all time high of 12.8 million barrels a day this year, and will keep growing to 13.1 million a day in 202a. the president will most likely point to this hurricane barrelling in on florida and will again tell the media that climate change is as an existential crisis. but the evidence suggests the world s biggest polluter is slow walking the promises it has made to cut oil and gas production. i m joined now by ben lefebvre, oil and gas policy reporter at politico. then, this was your story that we saw this morning. the figures are startling because when you look at it, it is going on the wrong direction. it, it is going on the wrong direction- it, it is going on the wrong direction.
if we had that, we would rise to the top because we have more energy when you add oil, gas and coal. but the truth is america is pumping oil at a faster rate than ever before. us oil production is forecast to average an all time high of 12.8 million barrels a day this year, and will keep growing to 13.1 million a day in 202a. when you look at those figures, i m not sure whyjoe biden is why public in saintjoe biden is turning off the taps. he s not even sticking to his campaign pledge to cut oil production on federal land, so why is that the rhetoric that we are getting from republican leaders? unfortunately we are in a political season where lots of candidates are trying to score points, but the reality is we are still creating
day in 2023, and that s up from a previous forecast. american production will increase in 2024 to 13.1 million barrels a day. maybe you like this. maybe you don t like this. maybe you think, especially after our last segment that maybe breaking records for oil production, not the best thing to do. but whether you like it or don t like it, the fact is that any republican that tells you joe biden has a war on energy and gas prices are going up because joe biden is not allowing american manufacturers to pump oil out of the ground, lying. record-levels record levels. anyway, it s just tiring. meanwhile it s just firing. really tiring. exactly one year since president joe biden signed into law one of
about. dana talks about what s going on with interest rates. he wants to buy apartment. it doesn t make sense the amount of interest were going to pay on principle. it s not worth it so we are going to pay a highly inflated rent because we need to stay in the city for work. it s a problem. millennials are not able to get on the property ladder which was a hallmark of what the american dream was. but joe biden has a tremendous economic record to run on. there is a nifty chart floating around social media. everyone should check it out. the u.s. has the highest post-pandemic growth in the g7 and the lowest inflation. all the countries we compare results too. 13.1 million jobs created so yes, all the ones were lost during covid came back and we are gaining jobs at a faster clip than we did under the trump presidency. 800k in manufacturing. articles all over talking about the manufacturing boom. unemployment is below 4%. we have 35,000 infrastructure
energy, national security, he s missing in action. let s talk about them in order. sean: hang on. i want to challenge the premise. the economy? 13.1 million jobs. these are post covid jobs. you know that. that s an artificial number. let me stipulate this. as an opportunity to engage civilly on this. fair point. your president, donald trump, lost 2.7 million jobs during his four years. we created 13. you can maintain a covid frame. how about the fact that joe biden created more jobs, six times more jobs than the previous three republican presidents combined. sean: are you going to tell me that the average family where we have 2/3s of americans living paycheck to paycheck it was 70% under trump. 70%. sean: that s not true. 70% under donald trump. sean: we had the lowest unemployment rate for every demographic. you and i are living with the lowest unemployment in