The Biden admin continues searching for producers to boost oil output and lower prices at the pump.

Analyst Comment: It isn’t going to work. The bottleneck is refinery capacity which has globally decreased due to the push by Davos to transition to green energy. Now the admin is panicking because if prices continue to rise this quickly, the masses will turn on Biden and the western elite. Their only hope is massive demand destruction, which good news/ bad news, appears to be happening.