You people are so damn gullible, I mean it is mind numbing. I could sell you dehydrated water. What damn fools. Two million acres of public land leases EXPIRED last year. The oil companies can go for the next ten years on leases they already have. And quite honestly, you don't sell into a bear market. Guess what, no one was showing up for the auctions the government did have. Trump learned that the hard way, getting like ten cents on the dollar of what is expected.
As has been pointed out in this thread, domestic oil production will hit a new high within the next few months. 2023 will be a record breaking year. And who is president? The reality is you morons need to pull your head out of your ass and do some damn research. If nothing else, study history. The US instigated an oil embargo in the 1970's and the result was a flight to the bottom, oil prices dropped to ten bucks a barrel, and the domestic industry was decimated. America first, ain't that the matra--well live it you stupid shits. Damn, we export oil, WTF--get a grip you fools.
The oil industry already has at least 10 years’ worth of unused leases at its disposal, even with the leasing pause.
www.americanprogress.org