[AdamSelene235]

I seem to recall another price breakpoint for oil. $40/bbl was supposed to convince the American oil companies to explore in America.

That is only the case if you talking about $40 of constant purchasing power. A significant component of the rise in the price of oil is due to currency debasement meaning the cost of extraction has risen far more than is reflected in the bogus inflation numbers put out by our Central Planners in Dee Cee.

[Rte66]

The law of diminishing returns.