nickthehunter wrote:
BCSnob wrote:
What decrease in US oil production since Jan 2021? All I find is a big decrease in production around Feb 2020.
US Crude Oil Production Apr 1983-Feb 2022
But why let the facts get in the way of a good story
Yup, looks like you’re correct, back to reading comprehension 101 for me!
As an added note, looks like the decline tracks with the onset of Covid, where I guess the demand probably would have also similarly declined.
I'm I the only one to remember when the demand dropped so fast that a lot of speculators owned a bunch of oil, where paying others to take it because they did not want to store it in swimming pools? There was a time, likely too short to show up as a data point, where the price of crude dropped below $0.00