As the global oil market focuses its attention on the oil-supply risks tied to the war between Israel and Hamas, U.S. production has climbed to its highest level on record and it's expected to continue its rise next year. That's a "testament to the ingenuity of the U.S. oil-and-gas industry," said Phil Flynn, senior market analyst at The Price Futures Group. The industry has faced a "harsher regulatory environment" under the Biden administration, which has plans for three oil and gas lease sales over the next five years. That would be the smallest number of lease sales offered in U.S....
