Unless we started up the present 4,000 inactive wells and drilling sites.
How many times must 3G kevin be told that most of those leases are being used because they are either not-profitable, held up in court by liberals & the govt.
Most conservitards realize that the present prices are due to decisions made by the oil companies to cut back refining capacity during the pandemic.
Here is the reason why refineries are being shut down.
https://www.foxbusiness.com/politics/oil-refineries-shutter-amid-hostile-fossil-fuel-policies-pain-at-the-pump
Since 3G kevin can't read long stories here is a summary
Phil Flynn, a senior account executive/market analyst at the Price Futures Group and FOX Business contributor, warned that strict regulation under the Biden administration will continue to put pressure on refineries to stay in business. "It wasn't too long ago the country was clamoring for the industry to buy and build new refineries because they couldn't keep up with demand," Flynn said Monday. But government pressure to wean the country off of fossil fuels has made business difficult, with Flynn arguing that "refineries are getting squeezed out of business because of stricter regulations from the Biden administration and the pressure by the government" to "reduce demand for gasoline."
