New gas gauges from bidenomics

Do you think Biden controls global oil prices AND the global economy? What a guy! I thought you saw him as senile and demented? Is he all of the above?

ASolitaryMan · 61-69, M

Since its a world market. All our oil we produce goes to thar exact world market. OPEC sets the amount of oil release for refining. A barrel of oil is 44 gallons a drum. OPEC sets the wholesale price. Our oil is then brought back to refine. The oil corporations set the sale price. The only thing the government does is tax it, then each state taxes it more at the pump.

ElwoodBlues · M

@sunsporter1649 Reich-wingers don't want you to know about our AMAZING 2023 oil production numbers!!

The US produced more oil in 2023 than any nation ever produced in a one year span. It's funny how the right wing pretends Biden curtailed oil when in fact we set a world record, LOL!!!

the United States set a new record in 2023 by averaging 12.9 million barrels per day (b/d) of crude oil production, including condensate. This figure surpasses the previous US and global record of 12.3 million b/d, set in 2019. What’s even more impressive is that this record-breaking trend culminated in December 2023, when average monthly U.S. crude oil production soared to over 13.3 million b/d, marking a historic milestone.

https://mansfield.energy/2024/03/18/the-united-states-leads-the-world-in-crude-oil-production/

Also see Oil & Gas Journal
https://www.ogj.com/general-interest/economics-markets/article/14310211/eia-us-currently-produces-more-crude-oil-than-any-country-in-history
Same facts confirmed by Fox Business
https://www.foxbusiness.com/economy/us-led-global-oil-production-sixth-straight-year-2023