Meanwhile, the surprising reality is the United States is pumping oil at a blistering pace and is on track to produce more oil than any country has in history. Last month, weekly US oil production hit 13.2 million barrels per day, according to the US Energy Information Administration. Goldman Sachs analysts on Sunday cut their forecast for oil prices next year. Gas prices near $3All of this has helped to keep oil prices relatively in check. Biden urged US oil companies to pump more oil – exactly the opposite of what climate scientists are calling for.

Source: CNN December 20, 2023 09:44 UTC