US oil companies are currently increasing production to maximize profits and stock prices by allowing countries to deplete their oil reserves.

https://www.dallasfed.org/research/surveys/des/2026/2601/2601update Why #US #oil companies are increasing production immediately - see Hotelling https://en.wikipedia.org/wiki/Hotelling%27s_rule For now they are happy milking the profits and driving up stock price letting countries draw down their reserves so that the oil companies gain more pricing power. They will change strategy when the timing is right.

https://www.dallasfed.org/research/surveys/des/2026/2601/2601update Why #US #oil companies are increasing production immediately - see Hotelling https://en.wikipedia.org/wiki/Hotelling%27s_rule For now they are happy milking the profits and driving up stock price letting countries draw down their reserves so that the oil companies gain more pricing power. They will change strategy when the timing is right.