Oil companies are squeezing what they can from existing oil leases, knowing that the Bidon and Democrats will not approve any more leases one what exists is used up.
The oil/gas industry hunkers down during democrat administrations and work like hell during republican administrations. I own some oil well royalties. The money was good during Reagan, Bush and Trump. During Clinton, Obama and Obama (biden), the royalties have dried up.
cause and effect.
It’s a triumph“
It’s also a lie. The rats changed the way oil production is calculated just like they removed food and energy from the inflation calculation. If this was true gas prices wouldn’t be what they are