Quote:
Originally Posted by Jim in CT
(2) the president of the US can have an impact on oil prices, and this one has.
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Biden is set to approve more new oil and gas drilling permits this year than any under Trump or Obama. We have a production setback from multiple hurricanes that has nothing to do with policy. The real shortage is globally which is likely going to drive prices higher but I'm not sure what Biden or anyone can do about it unless OPEC increases production.