You are not smart
Posted on: May 20, 2022 at 15:58:26 CT
Spanky KU
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'high' oil prices are not what influences the amount of drilling... 'appropriate' oil prices are needed.
US domestic drilling was taking place at oil prices 50% of current levels. In the months prior to COVID, the US produced an all-time high of just about 13 million barrels per day (at pricing of $55/barrel)