FYI, "drill baby drill" folks: Why are the prices at the pump still so high? They are not, per most recent news. Update 12/9/2024: Average price per gallon is $3.03 today; in Colorado: $2.80.The Democrat response so far to "drill baby drill" has been that we are pumping more oil than ever. This is correct, but it sounds evasive and does not seem to be connected to pump prices consumers are experiencing. https://www.cnn.com/2024/08/30/business/gas-prices-labor-day-inflation/index.html
For Trump, " drill, baby, drill" is a chant that appeals to Trump's base supporters. It makes sense to them, but it is nonsense. It is making the unnecessary useless. The "drill baby drill" Trump's answer to prices is simplistic bull whacky. Our problem is not a supply of crude oil; we already have so much we are exporting. Pumping more crude is a BS non-solution. If oil interests think they can make a case for more leases, they have to overcome this fact: we already have enough leases undrilled to provide oil in the US for decades and much longer for natural gas. This is making unnecessary useless in dealing with the issue at the pump prices. Proved Reserves of Crude Oil and Natural Gas in the United States
Trump is spouting this BS because he hopes he can get away with it because the answer is complex. Perhaps he hopes oil barrons will contribute $1 billion to his campaign. No president, Biden, Trump, or Harris can control the price per barrel of oil. The prices are set in markets by oil cartels and many other factors, as the above CNN article describes. At a critical time, Biden released the Strategic Reserves to force prices down by increasing supply. That critical reserve tank has been refilled Trump, the oil barons and the $1B question - POLITICO
https://www.eia.gov/dnav/pet/hist/leafhandler.ashx?f=m&n=pet&s=emm_epm0_pte_nus_dpg
Harris and Biden on fracking? Since 2021, no ban. https://www.cnn.com/2021/01/27/business/fracking-ban-biden-federal-leasing/index.html
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