Donald Trump

If America controlled energy costs, they STILL wouldn’t be lower, BECAUSE OIL COMPANIES WANT TO MAKE MONEY!!!

There is a basic cost to get it out of the ground, then a margin of increasing profitability as prices rise. However, you then reach a price point where economic activity slows down due to the input cost of energy.

In that sweet spot, everyone is making money and the Saudis & American oil companies are happy.

Also, the US has the shale fields that have a higher cost of production and thus are much more sensitive at the margins for capping and uncapping them.

The US is ENERGY INDEPENDENT, but it chooses not to transition vehicles and industry to natural gas, so it still has to import some oil.

In short, the US energy “argument” is a red herring! “Drill Baby Drill” is already here, with the US maxing out to historic levels of production.
On top of that there is a world price for oil as with all commodities. US producers will sell oil at the going world market rate but many Trumpanzees seem to think it will result in cheaper oil and gasoline. Thick fucks.
 

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