Fact: As of 2022, US oil production is just under 12 million barrels a day,

which is 8% lower than in 2019. Several reasons why:
(1) political pressure from climate change groups to reduce US production, clean air, stop fracking, etc. (2) Keystone pipeline cancelled, which would have moved $35 million barrels new oil daily. (3) due to pandemic, oil producers are unable to get equipment/pipes/sand, etc. (4) due to pandemic, there is a shortage of workers. (5) even if they start producing new oil today, it would take 6 months to 1-year to get it to the gas pumps.
Our government is now moving towards the phase of begging OPEC, Russia, Iran, China, Venezuela, etc.

[Post edited by carhokies at 03/07/2022 5:52PM]

In response to this post by mlewisr

Posted: 03/07/2022 at 5:38PM

Some comforting gas price news here in the Old North State - -- PhotoHokieNC 03/07/2022 3:59PM

We’re being taken advantage of by the old coot at 1600 Penn. Ave, NW** -- B777Fr8Dog 03/07/2022 5:32PM

The price gouging was caused by shutting down the Keystone pipe line -- mlewisr 03/07/2022 5:14PM

^^THIS^^ ** -- HOKIERIT 03/07/2022 6:58PM

Fact: As of 2022, US oil production is just under 12 million barrels a day, -- carhokies 03/07/2022 5:38PM

Keystone XL would not have been completed yet even if Biden had signed off ** -- CapeAnnHokie 03/07/2022 6:26PM

People like the ones in this topic don't care about facts. They want to -- AbsolutVT03 03/08/2022 9:35PM

If gas was not going to be restricted for the US, and net exportable to -- reconhokie 03/07/2022 7:06PM

Couldn't they reduce the state gas tax temporarily? Seems like something -- FlintMS 03/07/2022 4:33PM

Then the highway maintenance funds get shortchanged -- KeithHokie89 03/07/2022 6:19PM

I mean that sounds good but I think the people skimming off the top would -- FlintMS 03/07/2022 7:55PM

But then the state wouldn't benefit from the increased prices. -- MP4VT2004 03/07/2022 4:42PM

I think it's a flat rate per gallon in NC ** -- FlintMS 03/07/2022 5:47PM

Lol. ** -- ColoVT82 03/07/2022 5:31PM

I assume the state's revenue is hurt by higher prices since most gas taxes -- radhokie1 03/07/2022 4:59PM

I completely agree but have no idea why. ** -- PhotoHokieNC 03/07/2022 5:37PM

Yeah, I think you are correct. ** -- MP4VT2004 03/07/2022 5:05PM

Act of legislature alone. Not that that stopped anybody overriding that. ** -- PhotoHokieNC 03/07/2022 4:37PM

That’s the problem. Greedy price gouging gas station owners. ** -- RoswellGAHokie 03/07/2022 4:09PM

Not when crude hit $130 a barrel this morning -- fordham 03/07/2022 5:01PM

Yeah, I heard on an economist podcast we were approaching Venezuela -- Tafkam Hokie 03/07/2022 5:36PM

I heard that too. And now we are acknowledging the actual president, not -- NokieHokie 03/07/2022 5:39PM

For all we know, Putin is working for them. TIC ** -- MP4VT2004 03/07/2022 4:16PM

"In Russia, gas pump you." ** -- PhotoHokieNC 03/07/2022 4:37PM

You betcha. ** -- PhotoHokieNC 03/07/2022 4:11PM

AG's aren't known for their proficiency in economics. ** -- Major Kong 03/07/2022 4:09PM

Fact: As of 2022, US oil production is just under 12 million barrels a day,

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