Signal US oil output at 13.5 million barrels a day, largest producer since 2018

Summary

Eurasia Group contrasts China's electrotech rise with the United States' position as the leading oil producer. The US overtook Saudi Arabia in 2018 and now produces 13.5 million barrels of oil per day. The Trump administration's energy strategy focuses on LNG exports, coal and nuclear while scaling back support for renewables. The report adds that recent legislation gradually removes tax credits for large solar and wind farms and makes battery credits harder to claim. The signal underpins the argument that Washington is offering the world 20th-century energy while Beijing sells 21st-century infrastructure.