As we pointed out yesterday, it’s extremely hypocritical for the Biden administration to complain about other countries not producing enough petroleum. A new study by Stephen Moore and Casey Mulligan highlights that. It indicates that the U.S. would be producing between 2 and 3 million more barrels of oil a day if Biden had only continued the Trump administration’s policies. In other words, Biden’s policies have cut oil supplies by as much or more than the OPEC+ cut.
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