I wouldn’t expect someone who simply reads articles online (which they tend to seek out those that support their opinion) would have a full understanding of how an administration can effect oil and gas prices.
Again, Biden is not fully responsible for the higher prices but they have caused them to be higher than they should..Oil and gas companies have now begun focusing on ESG (which can be viewed as a “green” credit score).
Also, for example, when the federal government pushes for tighter regulations oil and gas companies need to invest in new and more expensive technology to meet these regulations- that is expensive.
I should also note- producing oil and gas in a more environmentally friendly way isn’t a bad thing, but it drives up prices.
Yeah, well, brad, I, "someone who", doesn't simply read articles online, as you perceive it to be. Perhaps you may adjust your wishful thinking, eh? I deal with several Market Advisory/Analysis services in order to stay in business. Fuel is a big expense to us, as we depend on it for several aspects. Perhaps as you being in the industry, you will be able to understand that. My opinion, eh? Wrong you are, I don't reside in Fantasy Land. I'm a realist, always have been, raised that way. So I don't believe in fantasies! This as so many people do these days. I want the facts, on whatever, no matter what I like, or not. That is so I can make the best decision possible, on buying, or selling whatever. Crude Oil is a WORLD MARKET. Thus it is priced as such, supply and demand. I check on many different markets many times each and everyday. No Administration, or person, for that matter, is going to have anything other than a minor effect on Oil prices, period. OPEC+ yes, Brandon no. Perhaps, stabilize them some what maybe? Now, Black Swans can blow the market up, or down in a instant. Market trader's "Moods", are very short lived. Maybe only hours, or days, no matter what the commodity is. There eye is on the ball, not something that perhaps could be, or not. A 2 year out "could be" isn't even on their radar to speak of. A lot of water, oil will go over the dam, through the system before that arrives. You have some very valid concerns. And you'll get no argument from me. There is soooooo much left, in oder to get to the rest of the story, eh!
