U.S. producers reluctant to drill more oil, despite sky-high gas prices

The world of oil production is…complicated! 

While still largely dependent on leaders from oil-rich countries in the middle east the price of oil is a very complicated and manipulated value.

At a time when prices are at an all-time high and the need is the greatest…many producers are reluctant to increase production?

This is the time for producers of all energy sources to step up! Not step back? 

So many variables, would love to hear the opinions and statements of those who know the reality better than I? 

I, like so many find it all baffling? 

What are your thoughts, questions? 

This article is published on:https://www.cbsnews.com/news/oil-production-prices-us-companies-wont-increase-2022-dallas-fed-survey/

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