Biden continues to stop oil production

The Biden administration helping environmentalist sue oil companies to stop production.

https://thefederalist.com/2022/07/07/bidens-swamp-brings-back-sue-and-settle-to-hide-behind-courts-as-it-stomps-out-fossil-fuels/

And oil companies act rationally 

“The answer is that U.S. producers are shackled by powerful external limiters, in part emanating from the ESG investingmovement, but perhaps most penetratingly from the overriding idea that the need for oil and natural gas is soon coming to an end. Investors want to see companies produce as much as possible from existing assets now, pay the highest current dividends possible, and invest as little capital as possible in future exploration and development.”

https://thefederalist.com/2022/07/07/yes-bidens-war-on-the-oil-and-gas-industry-is-driving-shortages-and-high-prices/