Or perhaps increasing production is a long process that cannot be done overnight. Did that idea ever occur to you?
US oil production is up16% since Feb of 2021, at the current rate we will be above the record level of early 2020 by Nov of this year.
In the 3 years before COVID US oil production rose an average of 15%.
Well then, let me be the 1st to inform you (and these are NOT my numbers but projections by the government and oil people) that our 2022 PROJECTED millions of barrels per day is 11.85, which is still below the 12.29 which we did in 19.
Let me also point out to you, that as of this writing, the USA has the largest known oil reserves in the world of any country on this planet. Let me also point out to you, that as of recently, frackers made a profit at around 45 dollars a barrel, and pumped like hell in 2019.
Now then, you are a logical person. With the demand for oil RISING through the next 10 years at the very least, don't you think something looks amiss here! I mean, are not oil companies seen as greedy? Why wouldn't they want to get their hands on that liquid gold? Why hasn't Biden held an energy summit yet? It is the number 1 issue for this year, and most of last, the price of energy going forward. In fact, politically you would think it would help him considerably if he was an honest broker to do so.
No, the fact is, like it or not, this is all politics. They admitted on many occasions what they wanted to do, and as long as no nuclear war, they see Pooty as helping them achieve their goals while he stands in for the forseeable future as the boogeyman instead of them being blamed; or so they think.
No matter what anyone believes, it is obvious that Biden is not doing the logical thing, unless he is doing it secretly behind the scenes. That is how almost 70% of Americans see it, and unless he pulls a big surprise with something nobody is aware of, his party is gone in November; and in fact, probably will be anyway.
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