And when you restrict output...while at the same time demand starts to rise...you get higher prices.
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Here's a more complicated breakdown for those with intelligence. US crude oil production fell dramatically during the various covid economic shutdowns. Prices fell because of a global oversupply. US producers cut back on production without any government interference. When the world's economies started to open back up, supplies were suddenly short of demand and prices rose.
You can now supply examples of "Biden shut down our production".
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