|
What red-tape. Oil production has been higher and prices have been lower under Obama than they had been in years under previous presidents of any inclination. Domestic production declined only mildly in '16 because the OPEP states have flooded the market in an attempt to underprice competition (and that backfired pretty badly for them), and certainly not because of any imaginary redtape.
Now, starting wars here and there in the middle east, that may drive prices up. So I make no prediction about future prices. Maybe stable, maybe even declining barring some new war starting there.
|