Stav
"Your missing the point. Oil production in the US is close to record levels, yet currently Russian oil prices are not that low. Why because the price of global oil isn't controlled just by what the US does on its own. Ultimately supply and demand determine the cost of oil not production on its own. It undermines your argument that Biden could of crippled the Russian economy in response to the invasion by increasing production production to tank the cost of Russian oil. A.k.a you where looking for a reason to shift some of blame on Biden/The West."
Th cxlose to ecod lvcels is a lie spead by the Biden Regime. By 2019 the US ecoinomy was booming and the USA was producing enough oil to be self-sufficient and importing of oil was not needed to meet US requirements and ws not importing oil at all - nither were they using the US S trategic oil reserve at all.
The position at present is that the USA must import oil to meet present requirements in an economy not booming and is sudffering from inflation that compared to 2020 is at about 20%, The usa Strategicv Oil reseve is down to a level it would not last 2 weeks in tehc ase of a war situation.
It is obvious that the stats provided is manipulated by the Biden Regime. Oil imports is the main reasson why the federal debt in just under three years inceased by over $10 trillion.
The other issue is that it cost billions to drill for oil and the US G overnment does not guarantee that the oil companies would not be destroyed if they spent that kind of money and the usage is effects of the Greens policy of the US Government kicks in. So while oil usage cause existing wells to dry up there is no real growth in drilling for oil in other areas. to maintain the level of production at preset needed in the USA. The whole issue si dishonest - Biden is in fact fighting against using local oil based on his Green policy - the USA is importing oil from foreign countries to prevent further damage to the USA Economy and then claiming their own Gn [oliy is working.
Take for instacne food production on farms in the USA where petrol and diesle usage on fams where those products effect inut costs on a major scale. The oher factor irelating to such production and input costs is fertilizers. The latter wa totally depndent on imports from Russia and China. Since the latter was a threat to food production on farms Biden on the quiet dropped fertilizer imports from Russia - but the Russias increased the price asked for such fertilizers by 400%.
The impact costs of fuel and fertiizers resuled in mos farmers havong to cuit inut costs by a margin that would elad to production capacity limited to betwen 25 and 30% food shortages will soon hit US stores again and food inflaion already combined at 20% plus since 2020 will increase by a further at least 25%, in other words more than the present 49 million people will become food insecuire in future.
You repeat Biden propaganda - but it has holes bigger than the Kimberley Mine hole in dealing wth that one. Bluntly put - the Biden Regime lied about it and you fell for the lie. In any event it is also not reflecting the impact of inflation on oil poduction and that reduce the production level compared to what it was in 2019. It is further confirmed that despite all kinds of statistics provided by the Biden regime to the corntrary, accoding to opinion polls only 26% of the voters rate Biden as doing a good job on the economy of the USA and oil played a major role when it comes to the USA economy.
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