Part 3/9:
Despite his claims, the political narrative surrounding energy production is more nuanced. While Trump has attempted to frame Biden and his administration as obstacles to the oil and gas sector, the reality is that during Biden's tenure, the U.S. has become the world’s largest oil producer. In 2023, American oil production hit unprecedented levels, with companies paying substantial dividends and engaging in stock buybacks. Thus, claims that the U.S. is being held back by strict regulations aren’t entirely convincing.