Tornado Alley (PROG)

[zab]

https://www.thebalance.com/oil-price-history-3306200

You forgot to post the price of oil as a contributing factor, and you did not even factor demand.

America and the world dealt with a pandemic, which reduced demand for oil all around the world, nobody went anywhere, cars, planes, boats, everything was curtailed, which dropped the price of oil.

As demand and the price of oil dropped, oil companies shut down, employees got laid off, and oil was not produced, or even found.

Now the American and world economy is opening up, and thanks to President Biden's polices of getting America vaccinated, the economy came back faster than anyone imagined. Oil companies also had trouble hiring employees, just like everyone else, and their shareholders, this is a Capitalistic society, were in no hurry to produce as much as oil as everyone wanted, thereby forcing prices higher.

Now you add the uncertainty of a war, and the removal of almost 8 % of the daily world supply, that also forces oil prices higher.

As for your ridiculous post about that Keystone pipeline, pipelines do not produce oil, they just carry it from one place to another.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m

Maybe you would like the American economy to slow down to fit your narrative, maybe you do not want to include a war as a contributing factor. Lastly, the oil companies are free to produce more if they wanted do, no one is stopping them, but they are business to make money. Remember Capitalism, keep your eye on the ball, there stocks prices were so low that many went out of business, now that prices have gone up, they are making money again. Oil companies are in business too make money, remember Capitalism.