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Countries or the european union. germany already has issues with this and american consumers will get fed up with it, as well. how does president biden -- he can't manage the price of oil, so what is he supposed to do? >> well, i think, frankly, i think there is a case to be made for american producers to increase production and the financial institutions will start encouraging that again because it takes quite a bit of debt servicing to -- to drill in the shale formations. the president, obviously, has to balance many, many factors here and survey the price at the pump is one of those. as you...

Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has filed its 2020 Annual Report on Form 10-K with the Securities and Exchange Commission. This report contains SMLP's audited financial statements for the fiscal year ended December 31, 2020. A copy of the report is available for viewing and downloading on SMLP's website at www.summitmidstream.com.

Incinerated when an oil train derailed and caught fire. so there are competing concerns here about how bad it is. the question that environmentalists will have you believe is if you stop the pipeline, oil won't move. oil moves, it just moves a different way. there are two million miles of pipeline in the united states. 72,000 miles of oil pipeline. this is the second one we're talking about. the dakota access pipeline project all the excitement is over here. the oil is coming out of shale formations in the dakotas. it's going in here, but it is really, really close to soix reservation and it i...

Mainstream, the number of wells skyrocketed from a few hundred being brought online every year to a few thousands. that's no surprising when you consider the money at stake. there are 58 billion gallons of crude oil locked in shale formations. we're talking about nearly $6 trillion dollars' worth of oil in the ground. there's an estimated 660 trillion feet of natural gas in tapped and untapped reserve. the jump in production helped the u.s. hit a milestone in energy production less than six months ago. >> for the first time in near live two decades, we produced more oil here in the united stat...