“Increasing US oil production to make the US energy independent is a fantasy.”
I guess $2.50 gasoline on the day Biden was inagurated is a fantasy in my mind? But you are correct about world oil price it is a function of demand and production. Any additional production in the USA effects the price down. The Persian Gulf States have additional production capacity but refuse to increase production because of Biden’s Iran policy. They fear Iran. Biden’s policies have aided and abetted Iran by deed and money. Thus, they refuse to increase production.