Not sure where he is getting his data when he (lies) asserts that energy companies are not investing in production.
But let's crack that nut...
Energy companies are limited by something known as takeaway capacity. It simply does not pay to produce more oil than you can ship to market.
The Biden Administration, starting DAY ONE, stopped the Keystone XL pipeline from being constructed even though the project was over ten years along. That would have meant 800,000 barrels of takeaway capacity, and granted that most of that would have been Canadian Crude Oil moving through that pipeline, some 100,000 barrels a day or so of it would have been likely to be from North Dakota and Montana, crude oil from the Bakken and other formations in the Williston Basin.
Not to mention closing off huge areas (in violation of Federal Law) by simply not complying with the law and allowing bids on mineral leases on Federal Land.
He shut down ANWR, and associated oil producing areas from new drilling, not only guaranteeing another (as much as) one million barrels of oil a day would not be produced, but underutilizing the Alaska Pipeline infrastructure as well, costing Alaskans money, each and every one.
He continues to wage war on "fossil fuels" including Natural Gas, even though we were assured that it was 'the clean energy of the future' when his Democratic predecessor was waging war on coal.
Offshore blocks have been denied from leasing, too.
Despite this, in the past 12 months, I have personally been involved on some two dozen wells, some of which had frac crews on site as soon as the drilling rigs were moved out. No one is letting DUC (Drilled but UnCompleted) wells sit, mainly because frac prices are down, and getting that production on line translates to revenue. Of course, that money is being spent in North Dakota, Wyoming, Texas, and New Mexico, only one of which is arguably a blue state.
The Majors (global reach oil companies) are investing elsewhere, off shore Africa or South America, or even the Middle East, where the governments are composed of relatively more stable and sane people.
Seems if the oil/gas/coal/other energy companies don't do what he thinks they should be doing (with private money) he thinks he should be taking their hard won assets from them.
It's no secret that America's economy, and even National Security is dependent on our own sources of energy.
He's not merely a chicken choker, he wants to strangle the golden goose as well.
