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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (194319)	12/1/2022 3:06:14 PM
From: flashforward2009	Respond to of 217816

• Since President Joe Biden took office, oil production has risen both on federal lands and on U.S. lands overall. Overall domestic oil production in 2021 came close to a record high. • Biden never tried to bar all domestic drilling. He did try to pause future leasing on federal lands, but this was blocked by a court. • No president has the authority to stop drilling on private lands. And presidents have little control over gasoline prices, which are determined by the global market. There are over 9000 drill ready approved sites on over 24,000,000 acres of public lands. The world market determines the price of commodities not the POTUS, and OPEC+ controls the amount of oil on the market, thereby controls the price. All major oil companies have stated they intend to spend their record windfall profits on stock buybacks, increased compensation to company's officers, increased dividends and have a growth target of .05 to 2% no matter if oil goes to 250 bucks a barrel or a hundred.