Members phkrause Posted November 9, 2023 Members Posted November 9, 2023 ?️ Record U.S. oil production Data: FactSet, Energy Information Administration. Chart: Axios Visuals The U.S. is pumping oil at a record rate, Axios Markets co-author Matt Philips writes. U.S. production hit 13.2 million barrels per day in the first week of November. It's pushing the price of crude lower, even though Russia and Saudi Arabia have cut their production in an effort to boost prices. ? Reality check: Global demand has been slumping, especially from China. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
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