Zell Says Biden Administration Is 'Anti-Oil'

The video discusses the extreme volatility in the energy sector, particularly focusing on oil prices fluctuating between $30 and $120 within a year. It examines the roles of OPEC and the US government in influencing oil prices, highlighting the US's regulatory actions that resemble a bid and ask system. The discussion also covers the US administration's anti-oil stance, which has led to reduced oil production and investment in fracking, potentially harming the US economy.

What impact does the current administration's stance on oil have on production?

What changes in oil production have been observed recently?