evidence: Why the U.S. Is Pumping More Oil Than Any Other Country in History [...] Here’s something else America is leading the world in: oil production. This year, the United States pumped out more oil than any other country in history, producing millions more barrels than Russia or Saudi Arabia ever have and accounting for almost a fifth of the world’s total oil production. And the Biden administration played a part in making it happen. Raising America’s fossil-fuel output was not part of the president’s original plan. In his first week in office, Biden killed the proposed Keystone XL pipeline and placed a moratorium on new leases for oil and gas projects on federal lands (a decision that was later overturned by the courts). But a year into his term, Russia’s invasion of Ukraine sent global oil prices soaring. From January to June 2022, the price of gasoline rose 49 percent, to a national average of more than $5 a gallon—the highest price in more than a decade. Spiking energy prices pushed already-high inflation even higher, igniting fears of a 1970s-style price spiral. Voters’ views on the economy began plummeting just months before a pivotal midterm election.