Gas prices summer 2022

[Jason1975]

You can hand out all the leases to drill you want, but when the political future is uncertain, and you know the federal gov't isn't going to let you build the roads in and out, going to regulate everything you touch, what company on earth is going to invest in that capital. So yes, it does have to do with who is in charge. Its simple common sense that i think many are trying to complicate. Its not that complicated. One party has been hostile to the oil and gas industry and there is no way i would invest in capital if i don't think i can do anything with it once i spend millions on capital to get it out of the ground.

Oil and gas companies knew that Trump was going to help them and us become energy independent. You have someone new come in "biden" and on day one he cancels the pipeline. That kind of uncertainty directs companies investment in capex, opex etc... Its NOT complex. Stop trying to make it complex.

in addition, a federal judge just shut down one of the biggest refineries off the coast. Biden has decided NOT to appeal the decision because, well he agree's with the decision. So yah, tell me again how who is in charge isn't affecting prices.......!!!!

furthermore, this big push for electric vehicles still doesn't solve the problem. Lithium and cobalt are the 2 key minerals needed to make the batteries. Russia is the worlds 2nd biggest supplier for Cobalt, and China is the 3rd largest producer of lithium. Along with other countries like Afganistan and Chile. So again, tell me how this solves any energy problem.