I agree that United State production is high levels
Posted on: February 14, 2019 at 08:20:36 CT
DC Jayhawk KU
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...it's around 10 MM barrels a day.
However, it's miniscule compared to OPEC, and global supply is only up about 2% year-over-year for the last three years. The increase in supply alone cannot explain the drop in gas prices, and it certainly isn't attributable to Trump.