 The Committee to Unleash Prosperity released the findings of its study after U.S. oil production has failed to reach the same trend line regarding rate of growth for President Biden than it did under President Trump. While the U.S. is producing more oil than ever before, it is only slightly higher than the U.S. produced in 2019 prior to the COVID pandemic. The study found that the average price of a barrel of oil has been significantly higher under Biden at $72 a barrel than under President Trump at $54 a barrel.