Moonglow
Diamond Member
It took eleven years to reach the production levels in 2019 after the crash of 2007-8.Which means absolutely nothing, as production has yet to reach pre-COVID numbers.
You have to realize, the current price spike has not a damned thing to do with supply. It is caused by speculation and FUD. Demand is still lower than it was just 3 years ago, when oil was less than half the price it is today.