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I think that's mostly related to my first point. Most production occurs on land that the Feds have limited jurisdiction over, so when prices rise they can increase production.
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I think that's mostly related to my first point. Most production occurs on land that the Feds have limited jurisdiction over, so when prices rise they can increase production.
https://www.pbs.org/newshour/show/how-u-s-oil-production-reached-an-all-time-high-in-2023