re: Biden caused this Fuel Crisis. Period.

The current supply shock we are experiencing, that is on every news headline, has been coming for some time. EIA data showed a reduction in crude stocks beginning in July 2020 (though there was more oil on the surface of the world than ever in history), and the rate of the decline has been faster than any other time in history. All political BS aside, the reason oil is 125$/bbl right now is because of depressed capital investment in the industry on a global scale since the end of 2014.

Biden is a joke, and certainly has compounded the situation (frick him). However he is not solely responsible. Oil is a globally priced commodity, the US produces 11-12 mm bbls/day while the world consumes +/- 100 mm bbls/day. That is only %11-12 of the total market. Im not defending the clown, but its not 100% his fault.

The cure for high prices is high prices, and the cure for low prices is low prices. Its the nature of commodities, they are cyclical. Oil is magnified since it is the #1 thing that makes the world economies go.