$125/barrel and rising.

[wdmso]

found this

Interesting Facts:
Number of U.S. Oil Rigs in Operation:
December, 2020: 341
December, 2021: 579
We had as many as 2,017 Active U.S. Oil Rigs as recently as 2011 (under Obama), which shows two things. First, that there was actually far less drilling under Trump than Obama, and second, there are plenty of existing U.S. oil rigs that could be restarted, after being voluntarily shut down by oil companies without needing any new drilling sites.
U.S. Production of Crude Oil:
December, 2020: 11.084 Million Barrels/Day
December, 2021: 11.567 Million Barrels/Day
U.S. Net Imports of Crude Oil:
December, 2020: -1.186 Million Barrels/Day
December, 2021: -1.062 Million Barrels/Day
NOTE: A negative number in this category represents net exports, meaning we exported more than we imported.
Russian Oil and Petroleum Product Imported:
December, 2020: 12.898 Million Barrels (416K/Day)
December, 2021: 12.569 Million Barrels (405K/Day)
By every relevant measure, the U.S. oil industry is performing the same or better after one year of Biden than it was after 4 years of Trump.
Source: U.S. Energy Information Administration

[piemma]

F uck it. Just spend the money. When the price gets to a point where the mass population cannot or will not pay it, it'll come down.

Debate all you want. The fact is we "scrubs" have absolutely no control over the price, import, export, drilled, pumped etc, etc.

[wdmso]

Originally Posted by piemma

F uck it. Just spend the money. When the price gets to a point where the mass population cannot or will not pay it, it'll come down.

Debate all you want. The fact is we "scrubs" have absolutely no control over the price, import, export, drilled, pumped etc, etc.

I have always said when gas Goes up rich people don't Care and poor people don't Drive and the middle class gets the shaft