Quote:
Originally Posted by BehindBlueI's
Supply/demand and global economics. Spring of 2020, OPEC and Russia cut supply. Pandemic reduces demand as people don't travel nearly as much, manufacturing doesn't use as much energy, etc. Demand comes roaring back, supply has not caught up for a variety of reasons. Labor shortage increases wages, increasing cost for all aspects of the market, from extraction to refining to transport to retail.
POTUS doesn't control oil prices, and while not powerless, isn't even close to being the most powerful player in the room.
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But , POTOS , his cabnet , and the DNCs war on fossil fuels definitely are a big contributing factor .