FOXNEWS Americas Newsroom With Bill Hemmer Dana Perino December 29, 2021 14:12:00
Has meant a lot less investment and meant less discovery. look at these numbers. last year 4.7 billion barrels of new oil discovered. sounds like a lot, right? not so much. it is just a third of what was discovered in the previous year and the lowest amount of new oil discovery since 1946. that's 75 years if you do the math. now those pipelines that we went to such trouble to build over the course of the past four years the try to move oil make us better at being energy independent and export oil, they are largely empty. about 50% pipeline utilization right now according to the company that ke...
Source: archive.org