Remember when we were energy independent?

Our oil production is currently below 2019 numbers. However it is higher than 2016 through 2018 production. So, we could expect a spike, but why so high?

Because oil companies demand was down in 2020 and they lost a lot of money. Now they can raise prices and people will blame Biden instead of asking why. Think about it, prices tanked during the pandemic. Companies have to recoup that.

Shell suffered a $1.5 billion loss in the second quarter of 2020 and made its first profit from oil production in the first quarter of 2021 since the beginning of the Covid-19 pandemic.

BP Plc reported this year that it had reduced its net debt to $35 billion a year earlier than anticipated, meaning the company can recommence share buybacks.

Exxon earned an estimated $2.55 billion in profit in the first quarter of 2021. Exxon experienced consecutive quarterly losses through 2020, owing to the decrease in demand and low oil prices, leading it to reduce operating costs in response to the losses.

Domestic oil companies make profit regardless of the origin of the oil - because it must be refined after it arrives from the producers (foreign or domestic). That Biden halted domestic oil production is widely known, and widely reported. It's no secret, and pretending that it didn't happen doesn't change the cost of foreign oil being higher than domestic. It also doesn't change that the foreign producers have us by the balls when it comes to production schedules.

And, of course, the excuse is "ma climate change" - as if importing oil (transporting by tanker across the ocean) is somehow less damaging to the environment than domestic production (delivered via pipeline) - newsflash, it isn't, it's just more expensive.

"All 3 charts show a drop in us production at the beginning of 2020....the beginning of the bideHalting us pipelines isn't conducive to increased production."

Biden became President in 2021.

"That Biden halted domestic oil production is widely known, and widely reported."

No, that did not happen.

Please tell me your falsifications are deliberate.

Hahah, it seems like it's been 2 years of hell...... Still, domestic oil production is down. The drop in 2020 might have had something to do with the fact that businesses were required to shut down by the panic of the Democrats......

Perhaps Duck Duck Go has a version of Google Calculate you can consult to figure out that in fact:

2020 = 1 year
2021 = 1 year
2020 + 2021 = 2 years
2021 - 1 year = 2020
2020 = last year

Hope this helps!

We're at the end of 2021

See, that wasn't that hard!

Were you planning on making a point?

You didn't address the fact that oil production is still very high, historically speaking. Only really higher in 2019. I'm not going to pretend to know all of the nuance that goes into had price, but obviously it isn't just the amount of crude being extracted.

Where did he halt domestic drilling? Was he responsible for the freezer in Texas in February and hurricane Irma? He has stopped new leases on federal land... That doesn't impact existing leases.

Foreign oil isn't any better. You are right, it is worse in a lot of ways. Biden asked OPEC to increase production but he also met with US oil and asked them to do the same.

Really, the only action that might account for the hike is his EO to stop subsidizing oil. But we don't want socialist oil, do we?

All 3 charts show a drop in us production at the beginning of 2020....the beginning of the biden administration.

Halting us pipelines isn't conducive to increased production.

That is Canadian crude production and wouldn't impact the numbers we are discussing.... But fair point actually since that could account for why production and prices are disconnected.

Except, I was under the impression the pipeline crude wasn't being processed or used by the US. We were just transport.

Are you not paying attention to the nonsense he's spewing?

"All 3 charts show a drop in us production at the beginning of 2020....the beginning of the biden administration."

2020?

"That Biden halted domestic oil production is widely known, and widely reported."

Also false.

The Canadian pipeline hasn't been built yet. It does not exist.

He meant 2021. I honestly didn't catch the discrepancy.

No, he didn't.
Given that it's just one in a soup of lies, it's just another lie.
Like him and his ilk and how Trump somehow was behind Obama's last 6 years of growth, bending time is something of a pastime for these bots.

That diagram of a pipe that wasn't built yet just an accidental leap into 2028 also?

I was wrong on that. My bad.

Still thought, 830,000 barrels/day of crude still means we are producing more than 2018.

and yet Biden is pressuring the middle east to produce more. He'd rather buy from the ME than Canada! Canadians haven't ever chanted "Death to America" or cheered when terrorists killed Americans......

Supply and demand. OPEC is keeping production down to inflate prices and profits. If international oil prices drop American oil prices will drop to compete.

Biden also met with US oil companies.

And we still get most of our oil and petrol from Canada and Mexico.

https://www.eia.gov/petroleum/imports/companylevel/