Recently, the United States has been far outpacing the rest of the world when it comes to producing one very important commodity.

So every single day, the U.S. pumps more than 13 million barrels a day of oil.

13 million barrels of oil.

That's filling up 800 Olympic-sized swimming pools every day since

2023. That is the most the U.S. has produced in its history and the most that any country

has ever produced. The U.S. is in first place for oil production, ahead of Saudi Arabia, China, Russia.

But for a while now, President Donald Trump has been saying that that isn't enough.

He said it on the campaign trail.

And we've got to turn this country around, and we're going to turn it around fast, and we're going to drill baby drill.

He said it at the Republican National Convention.

We will drill baby drill.

And in his inauguration speech last month.

That is why today I will also declare a national energy emergency.

We will drill drill baby drill.

But as much as Trump wants to crank up oil production, there's, well, just one problem.

One of the ironic things about the oil industry's close relationship with Trump

is that he's asking them to drill baby drill.

But actually, the oil industry does not want to do that.

I'm Mikhailo Tendera from the Financial Times.

Today on Behind the Money,

why Donald Trump's calls for ramping up domestic oil production

aren't lining up with the reality of the current market.

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