U.S. on pace for record oil production despite Biden’s green agenda frustrating the energy industry

Domestic oil production is forecast to reach an all-time high by the end of the year, even as President Biden announces plans to blunt fossil fuel output and consumption as part of his climate change agenda.

Presidents largely lack control over short-term oil supply and costs at the pump, but industry analysts say Mr. Biden has caused long-term damage to production with mixed signals between his green energy policies and calls for more oil to blunt high gasoline prices.

“The administration is not totally to blame for a lot of this. There’s…