BLM is the agency which sells oil leases, and regulates oil drilling on public lands.....regardless of what PJ tells us. Since you guys are too lazy to look at my link, here is lease sale data for land based drilling by year. Offshore data is similar. This data is not cherry picked like the information the PJ provides.
2012 1729
2013 1468
2014 1157
2015 852
2016 520
2017 902
2018 1333
2019 1841
2020 899
2021 407
2022 120
1. Wells have a lifespan, just like people. Older oil wells can be stimulated via fracking and acidizing, but just like a successful open heart surgery on a 65 year old man, old men and old wells are getting close to death.
2. Lease sales and rig counts are the best ways to measure how much new drilling is happening. Oil production, is not a good measure of this.
3. Biden's words and policy has pushed lease sales to extremely low levels. Rig counts are running 780, and with current oil prices rig counts should be 2000. For those who don't know, the "rig count" is the number of drilling machines that are actually drilling at this moment. There are about 1500 drilling rigs sitting in wait for a job, but few jobs are to be had.
4. Now, click on this link, scan to the bottom of the page, and click on the first spreadsheet. This offers a great, non-cherry picked, view of what's happening and what's happened over the past decade in oil well drilling. https://www.blm.gov/programs-energy-and-minerals-oil-and-gas-oil-and-gas-statistics