Record oil production from Permian Basin

And yet the price of oil is at record highs?

https://www.msn.com/en-us/money/markets/permian-basin-to-hit…

Also in a separate story China has now become the largest buyer of Russian oil, taking the place of the EU. So, Russian oil isn’t completely cut off from the world supply which should eliminate that excuse. Right?

OTFoolish