Chevron Ord Share Price (0R2Q)

I will be surprised if what is happening in Myanmar at the moment doesn't affect this stock. It has the potential to be far worse than it was for Shell 2017 https://unearthed.greenpeace.org/2017/09/14/shell-myanmar-government-rohingya-violence/

Analysts: Permian Oil Output Set To Double By 2023

https://uk.finance.yahoo.com/news/analysts-permian-oil-output-set-180000699.html

Permian oil production— currently just shy of 4 million bpd—jumped by around 1 million bpd from a year ago and is set to jump by another 1 million bpd, to 5 million bpd, by early 2020, Eric Lee, energy analyst at Citigroup, told CNBC.

“We’re happy to look out to 2023, when it gets to 8 million. ... They figured out how to access it at very low break-evens, like $30/$40,” according to the analyst.

How come they never thought of unlocking the potential of the Permian in the USA between 1975 and 2005 - for thirty years American oil production declined - and yet nobody thought to unlock the potential of the oil resources in the Permian basin? Why not? Especially when 8 million bopd just from the Permian would be almost double the total US oil output in 2006 (from every state including Alaska). So why didn't the US companies/government tap into this resource before 2005? Seems a little odd or not?