People need to wake up and start seeing what this democrat administration is doing to our country!!!!!!!!!!
Propaganda.
Most leases are not drilled because 3D seismic has made clear there is nothing to be found there.
The world needs to wrap its mind around some truths:
1) It doesn’t matter if oil is biotic or abiotic. It only exists in certain places over 100 yrs of study have made clear. Empty wells are plugged and abandoned for a reason. If you knew it was going to refill, you would not plug it.
2) Shale happened because interest rates went to zero. Not high price or low price. Interest rates.
3) Shale oil is not the same as conventional oil. It has different % constituents of diesel and kerosene.
4) There is no law of the universe that says America will always have enough.
Democrats are totally incompetent at government they think it’s a dictatorship when they run it
Just wait until the local gas stations close and start disappearing, due to no deliveries from the refiners; it’s coming sooner than most people will realize.
BKMRK.
Never underestimate how Joe can f**k things up tune is never going to go away it’s a major part of history.
Obama was right
Right. Oil and Gas rely on continuous exploration and drilling. That’s how we increased production last year despite Biden, as O&G companies exercised options obtained under Trump. But when those run out, O&G production will begin to suffer. Supply can very well shrink, with bad effects on the domestic economy. It is quite likely that the Biden regime is well aware of this, which means it is intentional.