Anytime I mention that President Joe Biden has pretty much killed oil exploration, I tend to get someone popping up telling me there are 9,000 unused drilling permits, that if oil companies wanted to drill, they could.
That never made sense to me, but I didn’t have a really good way to fact-check it.
After all, oil companies need oil to sell. The more supply they have that their competitors don’t, the better off they are in the long run.
Well, about those unused drilling permits…
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