Description
(Some moron says our production isn’t the problem! Sheer ignorance! Yes OPEC cut production recently after Biden went begging)
US oil production is down from 2019 to 2022(est) 1.10 million barrels per day! 42 gallons per barrel. That’s why you’re paying 5.00 a gallon.
FACTS;
In 2021, U.S. oil production was down 1.10 mb/d relative to 2019. Higher oil prices in 2022 will increase oil development activity but 1.10 mb/d is a large hill to climb to get back to the 2019 level.May 4, 2022
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