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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: berniel who wrote (13340)	3/14/2022 3:46:01 PM
From: rdkflorida2	1 Recommendation Recommended By berniel Respond to of 26806

2021 was "slightly" down from 2020. 2022 is UP slightly over 2021. 2023 is projected to be higher than 2022. Crude production is growing. If Biden had put in some draconian restrictions crude production should be going down. It's just a matter of the drillers recovering. I've seen numbers saying 12 million by the end of 2022 and 13 million in 2023. <div jsname="Q8Kwad" class="YsGUOb" style="background-image: url("data:image/svg+xml,"); display: inline-block; height: 24px; width: 24px; margin-top: -1px; transform: rotateZ(-180deg);"> "The U.S. was producing 11.185 million barrels of crude oil per day in 2021, compared with an average of 11.283 million barrels per day in 2020, according to data from the U.S. Energy Information Administration. The latest data shows that for the week of March 4, 2022, the U.S. is producing 11.6 million barrels per day."

To: berniel who wrote (13340)	3/14/2022 3:46:03 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26806

Yup... he has to own that. Here is what I posted on FB.... OK. I've heard enough nonsense from political hacks on TV to give an easy answer. Biden could get domestic production to surge starting now by with acts: #1 He could PROMISE to veto ANY new bill given to him that has any new taxes on the oil industry. Say they already pay a very good corporate tax on their income and their dividend collectors pay a second tax on those dividends via their 1040 tax returns. #2 He could "pull a Trump" and reduce the regulations including the new regulations he put in requiring the effects of climate costs. As a show of "good faith" he could invite the senators and CEOs from the oil states to the White House to publicly ask them what he can do to speed domestic production rather than having to beg OPEC countries to increase their production. I'm not saying this is what he SHOULD do, but it is what he CAN do. Until he owns the fact he and his congress have #1 and #2 "in the chamber" I can't see anyone stupid enough to risk capital on new production...