> If that were true, then why was Chevron allowed the Venezuela license. This is an utterly strange way to respond to my assertions. https://www.eia.gov/dnav/

> If that were true, then why was Chevron allowed the Venezuela license. This is an utterly strange way to respond to my assertions. 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... USA was making 13-million barrels of oil _PER DAY_ in 2020. Today in 2022, we're only making 12-million barrels of oil. "If it were true" ?? It is true. Its now your job to explain how your world view fits the data, not my job. As far as I can tell, your worldview is bunk with just the simple statistics associated with the USA's crude oil production. > The negative 40 a barrel you refer to was caused by several events, one of which was market manipulation by a hedgefund illegally, and then other failures/fraud found on the part of the same ETF (USO) by the SEC. No. The negative $40 barrel was fixed by the US Oil industry dropping from 13-million barrels of oil a day to 10-million barrels of oil a day. Look at the stats. Its pretty simple. Demand dropped like a cliff, and supply was forced to drop once our storage filled up. Entire oil fields were resealed with concrete. Those US-based oil companies lost a LOT of money over the COVID19 slowdown. Now yes, it will take some time for those fields to open up again, and furthermore, those oil companies are still scared about that last drop. Opening up more room in the strategic oil reserve will do them the favors they need to encourage more oil production (and as you can see: domestic oil production is skyrocketing again under these policies).