Hafar1014
Diamond Member
- Sep 1, 2010
- 12,492
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Demand was more so output doesnt matter. If we produced so much how come gas went up to 5 bucks a gallon. Because it wasnt enough. Inflation went up to 9.1%.You rival Nostradumbass with your ignorance. Look man. Back up your claim. Show me reduced oil output ANYWHERE.
Here is the US data. You see that redline? That is what was passed to Trump. Record oil output.
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View attachment 1173625
Youre trying to ignore my valid point. Supply was below demand because Biden wouldnt allow enough production.
Youre graph is meaningless
During Joe Biden's presidency, U.S. crude oil production reached new records, but it remained below the nation's total petroleum demand. The United States has been a net exporter of total petroleum products since 2020, but this includes both crude oil and products like gasoline, diesel, and natural gas plant liquids. Google
Supply and demand
Supply and demand is a foundational concept in economics that explains how the interaction between the availability of a product and the desire for it by consumers affects its price and quantity in a market.
The price went up
