Quote:
Originally Posted by threebag
I miss $1.79, it’s time to drill baby drill
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Yeah Thanks to Covid that s why we had 1.79
These prices of WTI and Brent were pushed down from an average of $60 per barrel in December 31, 2019. WTI crude oil prices dropped to $46.78 per barrel in March 2020, and fell to a historic low $-36.98 per barrel in April of the same year.
https://www.ncbi.nlm.nih.gov › pmc
Impact of COVID-19 pandemic on crude oil prices - NCBI (
https://www.ncbi.nlm.nih.gov/pmc/art...%20same%20year.)
And you really want over 100 oil companies bankrupt and 125k oil workers out of work?
Houston Chronicle
www.houstonchronicle.com
Over 100 oil and gas companies went bankrupt in 2020
Jan 20, 2021 — The 107 oil and gas bankruptcies in 2020 were the most since 142 bankruptcies were filed during the last oil bust in 2016. More than 100 oil
Btw we’re roduong the most oil ever
The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row.Mar 11, 2024
https://www.eia.gov › detail
United States produces more crude oil than any country, ever - U.S. Energy ... (
https://www.eia.gov/todayinenergy/de...20in%20a%20row.)
markets.businessinsider.com
https://markets.businessinsider.com › ...
US oil production just hit a record high - Markets Insider
(
https://markets.businessinsider.com/...rgy-gas-2024-8)
2 days ago — US oil
production hit a record high of 13.4 million barrels per day last week, up from 12.6 million barrels per day a year ago.