Comments by "Robert Steele" (@robertsteele474) on "Biden Blames 'Putin's Price Hike' For Record Inflation Spike" video.

  1. The pipeline that was shut down was Keystone XL, which is an unnecessary spur pipeline to the existing and fully operational Keystone pipeline that still currently ships CANADIAN oil THROUGH the US to the Gulf of Mexico for EXPORT overseas. MEANWHILE: Consumer oil prices are at the highest they have been is 7 years. Coincidentally the top 5 Oil Corporations have had their highest profits ABOVE inflation in the past 7 years. WHILE: Oil production peaked in February 2020 at 13.1 million barrels during POTUS 45 presidency and immediately dropped during the pandemic. The lowest production of the past 6 years was lowest in August of the election year of 2020, also during POTUS 45 presidency (still that was nearly double of all years prior to 2013) Oil production has been intermittently but steadily rising since then. The current production of oil in the US is 11.5 million barrels which is higher than the production of 10.5 million barrels October 2018. US oil production is predicted to be on track to reach an all-time high of 13.5 million barrels by 2023. US oil exports are at their 2018 levels as well. US oil production vs oil consumption is currently only about -1% While the US is currently importing more oil that it is exporting it is only at a 1% difference compared to production. You have to ask yourself why the US is Exporting oil when it could be distributed at home to meet consumption.
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  2. Oil production peaked in February 2020 at 13.1 million barrels during POTUS 45 presidency and immediately dropped during the pandemic. The lowest production of the past 6 years was lowest in August of the election year of 2020, also during POTUS 45 presidency (still that was nearly double of all years prior to 2013) Oil production has been intermittently but steadily rising since then. The current production of oil in the US is 11.5 million barrels which is higher than the production of 10.5 million barrels October 2018. US oil production is predicted to be on track to reach an all-time high of 13.5 million barrels by 2023. US oil exports are at their 2018 levels as well. US oil production vs oil consumption is currently only about -1% While the US is currently importing more oil that it is exporting it is only at a 1% difference compared to production. You have to ask yourself why the US is Exporting oil when it could be distributed at home to meet consumption. Consumer oil prices are at the highest they have been is 7 years. Coincidentally the top 5 Oil Corporations have had their highest profits ABOVE inflation in the past 7 years.
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