Birdwatch Archive

Birdwatch Note Rating

2022-11-08 16:22:36 UTC - HELPFUL

Rated by Participant: 6C470703D30E319231FF35F9CD47528656AC6399E76335E18486754BF3FA0E68
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Original Note:

In 2020 the 5 largest oil companies lost $76B. The Biden admin has refused to issue new oil drilling leases and revoked prior leases. Biden actively prevented oil companies from increasing production. Oil companies don't set prices it is a commodity traded on the open market. https://www.forbes.com/sites/rrapier/2022/04/24/if-oil-companies-control-prices-why-do-they-ever-lose-money/?sh=207b170cf9da

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