Capital investments are what an oil company spends to build out new oil wells for future use or upgrade existing wells. It has nothing to do with the price of oil being sold now. It doesn't force production cuts. The former guy said that low gas prices are "bad" for Americans and blackmailed MBS not cutting OPEC's production by 20% so supply went down on the world market and prices went up. 30% +/- of U.S. crude oil and refined oil are sold overseas, most to Brazil's T****'s mirror image guy, then we buy and import 30% +/- oil on the world market where MBS has a lot of control over its price. That former guy sold MBS the largest refinery in the country, so they refine oil and sell overseas and keep prices high here. We already have the production capacity needed and are using it and have lower prices: but the lower prices aren't staying here. We don't have to choose one or the other; that's fossil fuel industry propaganda. We already have both but aren't getting it.

For the top five oil companies, a $138 billion dollars profit last quarter alone can buy a lot of friends in Congress.