...the Biden Administration has dramatically ramped up subsidies and other favours and incentives for so-called “green” energy. The badly misnamed “Inflation Reduction Act” of August 2022 alone contained over $400 billion of subsidies and handouts to the green energy industry.
So with the double whammy of endless restrictions and harassment of fossil fuel producers, and subsidies for the wind and sun, undoubtedly oil and gas production must be shrinking rapidly? Not at all. In fact, domestic production of both has just recently hit all-time records. Here is a chart of U.S. crude oil production from the EIA, with data through January 2024:
