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Originally Posted by b0son
It's all thanks to the oil producers who are deliberately taking their time ramping up production post-covid in order to drive up the price (and their profits).
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The OPEC cartel
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Originally Posted by burnz
Biden outlawed oil refinery, and closed the pipeline from Keystone XL pipeline from canada..
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US is a bit different and there has been a bit of debate around that. They are/were effectively self sufficient in contrast to Australia.
We did sign an agreement to buy into the US strategic reserves to "meet our obligations" but not sure what if any effect that has unless they start tapping it.