There is a galling side story to oil. Biden & Co. endlessly blustered that Trump supported dictators. But, the Biden in attempting to shutdown the US oil industry made deals to import oil from Venezuela and removed oil sanctions from Iran. Biden's attempts at shutting down US oil production also helped Russia out. Biden's foreign policy has been a disaster.
Not only that, but the president dictator (Maduro) of Venezuela "stiffed" Biden concerning allowing Venezuelan oil to be imported into the US in exchange for fair elections in Venezuela. Of course those fair elections never happened and it appears that the US press never condemned Biden for being such a patsy. Biden failed to stand-up for the US, gave dictators what they wanted, and even helped Maduro out by allowing disgruntled Venezuelans into the US!