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And if you zoom out further, you'll see that crude oil rig count dipped precipitously starting around 2015. In fact the trend is very similar between when Trump

And if you zoom out further, you'll see that crude oil rig count dipped precipitously starting around 2015. In fact the trend is very similar between when Trump started his Presidency, and when Biden his, and yet the narrative that gets told about why this happened has everything to do with politics and political stereotypes, and very little with reality.

leereeves 4y ago
> In fact the trend is very similar between when Trump started his Presidency, and when Biden his Oil production under Trump grew much faster than under Biden. Apart from recovering from a one month crater immediately after Biden took office (Feb 2021), oil production has barely increased at all under Biden. Whereas it increased by over 10% per year during Trump's first two years. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=m...