Can you cite the change that the ptb made to affectgasoline or oil production? I hear this all the time but I seldom hear anyone cite a specific reason, other than the absurd ones like the XL Pipeline.
The refineries taken out of production had nothing to do with the ‘ptb’.

And if it is so, how do you explain the RiSE in US oil production each year? It did drop during covid but that wasn’t on the current ‘ptb’s watch. Exports are up, imports are down, consumption is up, please tell me which part of this would indicate to you the effects that would cause the big rise in gasoline prices?

The answer is the world market drives the price of the gas we buy, not US production. An oil tanker runs aground, the price goes up, whetherit affects doodly squat or not.
The price of oil will come down when the futures traders decide the party is over. Period.



BKB

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