Thank you. But, my guess is that if the price per bbl were appropriate we could extract more than what we use per day.
Maybe, or you could nationalize the industry and order more production regardless of price. And then decree a lower price at the pump.
Argentina’s oil price right now is about $74/barrel. They just decreed that price so that oil extraction efforts in Argentina could be profitable.
Don’t presume money means anything. It’s printed from thin air, after all. Geology doesn’t care what central banks do.