Trump aggressively supported fossil fuels. The Biden-Harris administration focused on replacing them with clean energy. Yet, data show the US oil and gas industries still thrived under both.
Oil is sold on the market at barrel cost, set by OPEC. Should that barrel cost be below US pumping costs the US will lower production. So far that isn’t the case and the result is a lower market and lower gas costs. I’m sure OPEC can flood the market making prices even lower. Speaking for the American consumer, I say “Bring it on”.
Oil is sold on the market at barrel cost, set by OPEC. Should that barrel cost be below US pumping costs the US will lower production. So far that isn’t the case and the result is a lower market and lower gas costs. I’m sure OPEC can flood the market making prices even lower. Speaking for the American consumer, I say “Bring it on”.