Quote:
Originally Posted by burn_this_city
KXL wasn't going to be in service until at least 23/24. Biden can't really do much, US producers are beholden to shareholder returns and OPEC is producing below their quotas. People blaming the President for a 100mbdp oil market don't really understand the market.
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I’m not at all blaming Biden for the status of the market. But I find it ridiculous that Biden is appealing for more off shore production, when the Democrats have twice now canceled a pipeline with a 600000 bpd capacity out of Canada in favour of Saudi or Russian oil. It’s absurd.