US Oil and Gas Boom Doesn’t Feel Like One to Workers: Justin Fox

The US is the world’s top producer of oil and natural gas, and its production of both has been breaking records this year.

This simple and indisputable reality has been getting remarkably little public attention in the US even as it helps bring down inflation worldwide, enables Western Europe to get by without Russian natural gas and otherwise reshapes the global economy and geopolitics. There are clear political reasons for this: President Biden and other Democrats would rather not talk about oil and gas production breaking records because a big part of their political base thinks the US should shut down domestic oil and ...