The U.S. economy was recovering quickly from the slight downturn of 2020 until the Biden administration took over, crimping petroleum production with increased royalty demands and eliminating permits, exacerbated by two mammoth, ill advised, partisan spending bills, passed by a tie-breaking vote by the VP for both. They both turned out, as predicted, to be predominantly slush funds for preferred partners. Not to mention the wreck to employment that government mandates were.