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Ramp up production, is that possible quickly other than in the permian basin in texas, which they seem to be able to do so quickly. what about elsewhere in the united states? is it really just a bare quote very difficult to do that on a dime? >> i think that is difficult to do that on a dime. the geology which makes it very productive a very productive field. and also with the u.s. even the $30 a barrel it's been a lot of investing into. the traditional oilfields you see the priming of productions or even oklahoma, new mexico and texas are the only places you are seeing increase production. th...
The Biden administration has recently begun calling on the industry to increase domestic oil and natural gas production and attempting to name and shame independent producers who have not committed to their shareholders to do so. This unfair and...
Look at productivity. gdp this year's going to be 4%, the economy is going to suck up oil from demand. global productivity is projected to be 4.5% global gk p -- gdp which means demand is going to come back strongly. the problem is we don't have the production capacity. we can't start producing that much that quickly. that's why the biden administration has recently asked energy companies here in the u.s. to do what? increase production. who would have thought that, right? edward: so that's how you do it? i guess, how do you do it? how do we get back to the energy independence that we had? >> ...
Point. we will look at our oil reserves and other countries will do so to, increase production. the problem with the argument from him we have more natural resources. enough to supply the united states and our allies for over 100 years. that's not even on the table. how could it not be one point of leverage that will lower the cost at the bump for every american? creating high paying career jobs. every store and everything we buy would be cheaper. we would not need to worry about the middle east or russia and could help our allies in nato and western europe with their