Quote:
Originally Posted by Air&Road
It’s actually a little under $3 in Texas. It was $1.85 at the time Parkinsons Joe took over. Shutting down domestic drilling has that effect.
|
So you don't understand economics? Well, just say so. There is no shame in being uneducated on a subject.
Gas was cheaper during the Trump era for a while due to the pandemic that Trump allowed to rage on until it killed over one million Americans and threw 20 million people out of work.
A lack of demand will do that to prices.
When Biden took over and restarted the economy Trump destroyed the price for everything went up due to the lack of supply. Drilling took off because the price went up.
Biden also pointed out to the oil companies that perhaps shutting down new federal leases might be a good policy since they were sitting on over 20,000 leases they held but were not drilling. If all the oil companies were leasing tracts for was to keep the price of oil high then perhaps they didn't need any more leases that could keep production off the market.