Are you really naïve enough to think the current resident of the White House has any effect on the price of fuel? One thing I remember reading that President Bush told President ***** during *****'s presidential briefing; (paraphrased) "I came into the White House thinking I could change the way oil companies do things. I quickly found out that I didn't have the ability to significantly influence them one way or the other."
I get so damn tired of everyone always trying to turn economic issues into political issues, blaming the "other" party, when neither party is nearly as capable as people think to solve the issues at hand.
I am genuinely intrigued by this . . . Do you really not think that the President and government policies and regulations can influence prices, efficiency, supply, etc.??
Except for certain necessary true-government functions, I believe that every dollar spent by the government is a drag on our economy and society. In other words, the government takes a certain amount of money from all of us and completely wastes it with no benefit whatsoever. Individuals would spend that money much more efficiently.
When the government puts its thumb on the scale and creates obstacles to a particular industry, like they're doing with fossil-fuels, they inhibit that business and reduce supply and increase costs -- and prices. Any kid that can run a lemonade stand knows this. Despite their transparent lies, they've pulled back leases, made the permit process even worse, vilified financial institutions that cooperate, pulled the rug out from under ongoing projects and caused thousands of worker layoffs. They've thrown a wet blanket over the entire fracking effort that was pushing the transition from coal to natural gas and left us with no viable replacement options.
They want to move immediately to a technology and infrastructure that doesn't yet exist. It's not yet clear that it should exist.
What the President, and the government can do is GET IN THE WAY and SLOW DOWN THE ECONOMIC ENGINE OF AMERICA. The best thing they can do is nothing. Legislate reasonable regulations and then get out of the way. Personally, I think it's obscene that a single person can immediately enter office and reverse something as fundamental as our energy policy. But that's exactly what happened in January 2021.
So yes, I am naive enough to believe that the President can create a terrible environment for an industry or the economy in general and drive up prices.