“Chronic Underinvestment Could Push Oil Prices Higher In 2022”

“Long-suffering Americans grappling with runaway inflation are finally enjoying some reprieve. After a relentless climb, prices at the pump have been heading south, with national average gas prices tumbling to a 10-week low of $3.28 a gallon, according to AAA. Fuel prices started leveling out after President Joe Biden announced on November 23 the biggest-ever release from the Strategic Petroleum Reserve, though experts have dismissed it as a mere band-aid…”

https://finance.yahoo.com/news/chronic-underinvestment-could-push-oil-010000954.html

Pretty much this entire article is wrong. Governments around the world, not just the U.S., have been canceling or halting energy projects. Gas prices are like they are because pipeline projects were shut down. When markets see this they react. Reserves do not matter if consent supply was cut. Energy reserves are a limited time thing. Pipelines are forever if they are maintained.

This is like comparing a apple to a apple tree. We have a apple (in this case oil reserves) now but that wont fix our long term hunger (for energy) like an apple tree (in this case pipelines) will. The problem is oil production not the current amount of oil. The current amount will always run low if it is not adequately produced.