The problem is that oil companies have said over and over again that they have no desire or plan to increase drilling. They like the margins where they are and don’t want that to change. This has been their story for years now.
We can cheer DRILL DRILL all we want. They don’t want to.
Watch the video. We left natural gas in the ground in Alaska and flared it off in west Texas because we didn’t have the pipelines in place to deliver it. That piece of the puzzle is being built right now in multiple places.