Pathetic. We were self-sufficient in energy production before our drooling, senile fool of a president was placed there by his handlers. Now we’re back to the ‘70s fantasies of getting OPEC to do what we want. Democrats are garbage wrapped in skin.
Just for the record, I noticed yesterday in World Oil, that Permian Basin oil production is back at record levels.
If you want to get all twitchy about prices for oil look to the traders and EIA for the data, propaganda and perception and supply level. Stocks were drawn down and now the demand is back so prices are way up. Happens every time.
The numbers for this part of our life come out every Wednesday afternoon.
https://www.eia.gov/petroleum/weekly/
Oil companies are price takers and not price makers. That chapter of being price makers ended with futures trading for oil back in the 80s. Some oil companies have tried trading futures and they are not very good at it, see Pioneer.