Description
Before you call someone stupid, you should check some facts.
U.S. crude oil production averaged 11.3 million barrels per day (b/d) in 2020, down 935,000 b/d (8%) from the record annual average high of 12.2 million b/d in 2019. The 2020 decrease in production was the largest annual decline in the U.S. Energy Information Administration’s records. The production decline resulted from reduced drilling activity related to low oil prices in 2020. This was not Biden. Today oil production is at 11.6 million barrels per day. A slight increase. Oil production slows when the price is to low and when the price is high, no need to produce more to make money. Oil producers made $1.7 billion profit in one week this year for their investors. The fat cat hedge fund pigs. So when you call someone stupid, try looking in the mirror. It might not crack.
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