I remember waaaay back in early 2020 when Exxon’s CEO was out on the street corner selling pencils because gasoline was a THIRD the price it is now...
1. 2019 - US oil production was a record 12.23 million barrels per day.
2. 2020 - 11.3 million barrels per day
3. 2021 - 11.185 million barrels per day
4. 2022 - 11.9 million barrels per day.
And now Exxon reports record profits for past fourth quarter. I don't know how the industry works but it looks like the oil companies are screwing us over with these record high gas prices.....