Oil demand went up very substantially in 2021.
Daily demand for crude oil worldwide from 2006 to 2020, with a forecast until 2026*
RE: Oil Demand went up substantially in 2021
But Oil PRODUCTION is STILL down compared to what it was pre pandemic.
At this time 2 years ago, we were producing over a million more barrels than we are today.
And if as you say, demand is projected to go higher in the next few years, it is argument to encourage MORE Oil production than our previous peak, not less.
Are we encouraging and supporting such increased production? Or are we doing the opposite?