re: The US is now the world’s largest oil producer...

Then why is it twice as much per gallon than 2019?

Someone help me out here.

yeah obama was great with his record regulations, killing keystone XL and his drilling moratorium.

Good, when Trump lifts regulation on the oil and gas industry prices should fall to below $2.00 a gallon like they were when he left office.

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Good, when Trump lifts regulation on the oil and gas industry prices should fall to below $2.00 a gallon like they were when he left office.

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look even with pro oil bush prices got as high as over 4 bucks a gallon back in 2007 if i recall. even the POTUS cannot control everything in the industry. there are lots of factors here and with other countries.

trump has to watch it and toe the line again. he can lower prices with what he will allow policy wise but if it goes too low they will stop drilling if it is not profitable. has to find happy medium like he did last time.

inb4 muh big oil profits

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inb4 muh big oil profits

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I love big oil profuts but cant those frick faces lobby these dem losers to cut the regs so we get benefits


Or thats not possible and only Orange the great can cut so we get a benefit

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Good, when Trump lifts regulation on the oil and gas industry prices should fall to below $2.00 a gallon like they were when he left office.

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That's not how it works. At all. Lol.

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I love big oil profuts but cant those frick faces lobby these dem losers to cut the regs so we get benefits


Or thats not possible and only Orange the great can cut so we get a benefit

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Need more gasoline refineries, which I'm not opposed to since that's my homeland's bread and butter and we'd get even more economically secure.

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That's not how it works. At all. Lol

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Then how does it work, please explain?

Why was gas less than $2.00 a gallon when Trump was in office and now over $3.00? When you have an administration that attacks the industry and adds regulations and restrictions on drilling, shuts down pipelines, etc. the price goes up. Drill baby Drill.

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Need more gasoline refineries, which I'm not opposed to since that's my homeland's bread and butter and we'd get even more economically secure.

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Who is blocking that from happening? Genuine question

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Who is blocking that from happening? Genuine question

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There are like 100 factors and there are lots of people in the business who can explain it better.

But regulations don't help. It's incredibly expensive (and construction takes a long time so you invest tens of billions and won't turn a profit for 10+ years). There are more profitable petro exports (like LNG). The price of oil will fluctuate over the period of construction, making the investment even riskier (and you lose profits from the alternatives during this time).