Unfortunately their increased output really only offset issues with exports from other oil producing nations. Opec did agree to another 100k increase when Biden visited which was viewed as a joke.
People are just driving less…. Imho.
https://www.autoweek.com/news/industry-news/a40770031/high-summer-gas-prices-vacation-travel/
Can you show me the net increase had an effect? If anything the fear of chinas economy imploding pressures increasing prices more than the increased quotas.
Perhaps we can agree they’ll all have an effect. My point is a recession is a sure fire way to lower it. So good job Brandon.
No, I can't. And I wasn't trying to make that case. I didn't even realize they had agreed to increase production at all because of Brandon's visit. I thought they had told him to go pound sand, and they were near capacity anyway. So I was a bit surprised to read that they have promised a 50% increase in production.
I will agree that the price increase on just about everything will offset a lot of travel budgets. Therefore, less demand increases supply, and prices fall. So the left has no business crowing about it. But they will anyway.