Why “Drill, Baby, Drill” Is a Misleading Slogan in Today’s Oil Market
Understanding the Realities of U.S. Oil Production, Refining Capacity, and Exports
Introduction
Amid the 2024 U.S. presidential election, we’re hearing familiar calls for “Drill, Baby, Drill,” a rallying cry suggesting that increasing U.S. oil drilling will restore energy dominance and reduce reliance on foreign oil. While this slogan might sound compelling, industry leaders, including ExxonMobil’s CEO Darren Woods and Chevron’s CEO Mi…
Keep reading with a 7-day free trial
Subscribe to Asset Guidance Group, LLC’s Substack, "The Lighthouse" to keep reading this post and get 7 days of free access to the full post archives.