Quote:
Originally Posted by Jim in CT
pricing for gas is largely speculative. Meaning, if the market speculates a president will
drill like crazy, that will
push down prices.
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Maybe for crude oil.
Will the next POTUS mandate a drilling target? How about a requirement to use the previously allocated permits before they open some sensitive federal areas?
Limit exports of oil drilled in the US?
Increase refining capacity? That seems to be the bottleneck (down ~1 mil a day or so since COVID) on gas prices right now (and why prices for gas/diesel are higher compared to previous times oil/barrel was at a similar price point).
Exxon et al.,'s profits are pretty dandy right now. I don't see them making the investments in refining (and no, it isn't a call to make it state controlled energy)...