It’s not particularly accurate.
All oil is not created equal. And even less so in recent years.
Some oil is diesel rich. Some, much, is not. Light, tight (shale fracked) oil is not zero diesel, but it’s much less per barrel than the truly rich oil of the world like Libyan. And “rich” has nothing to do with dollars. It’s diesel content. Middle distillates (which also includes kerosene (jet fuel) rich, regardless of dollars.
The US is producing about a million less barrels/day than pre Covid. That only happens to also be pre Biden. Oil crashed its price and did so to actual negative numbers. There is enormous financing reluctance now, and yeah, Biden and the greens are obstructing here and there, but that’s not why output is down.
It’s down because shale was always about debt (and not much profit) and the lenders are not interested now. It’s ALSO a result of non shale sources in the US dying. California is dying. Alaska is, too, and no, this has nothing to do with ANWR. ANWR exploratory was authorized by President Trump. Nobody drilled because unlike in the world of politics, the actual oil companies have zero confidence there is anything there in quantity to justify the effort. Like NPRA not far to the west. Essentially tiny amounts. Not worth the enormous fight for sure.
Great list at that link, thanks.