Fast forward to 3:45 I don't know how you get to 3 million extra barrels per day.
https://youtu.be/qrca4lepiO4?si=FuaDQItRqmFblN8R
Oil companies do what's profitable. The early speculative days 2010-2014 of the shale boom are over. Capital discipline is king.
They don't listen to what any politicians say. They don't work for the politicians. It's probably much more accurate to say that the politicians work for them.
OK Xan, let's not take Trump literally when he exhorts "Drill Bay Drill". Do we extend that rule to Scott Bessent also? And if we do that, is anyone in the Administration credible?
Drill Baby Drill
Re: Drill Baby Drill
To be clear I'm not defending Trump when I describe that literal/serious situation. It's just a matter of adjusting expectations when listening. Honestly I have no idea what to expect out of the rest of the administration.