The Oil Market Isn't as Good as Everyone Else Is

Just before COVID hit the US was producing 13 million barrels of oil a day roughly. Today it is struggling to keep 12 million barrels and in fact the latest report from the DOE which came after we printed the article it has it at something like 11.7 or you know below 12 million barrels a day. The SBR will be drained or the political pressure to stop robbing that piggy bank will assert itself, says David Frum.