@krassenstein
@andyroddick
US production is driven by how much profit producers can make. That means 1) market prices and 2) extraction costs. Energy policies basically don’t matter vs non-energy policies which impact profits. If policies drive market prices up faster than extraction costs, oil will flow
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Remember all the attacks on Biden, claiming that he’s stifling US oil production and causing rising oil prices?
FACT:
U.S. oil production has just hit a new all-time high this week. This means that under Biden we are currently producing more oil than any time under President…
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