there is no point to the discussion. It's just another one-liner and there will be no real discussion about anything from the OP. He repeats this statement over and over in other threads - where there are no cut and paste jobs.
But let's see.
Let's talk about OPEC and Presidents again, Zack.
OPEC member states set oil production limits. These states produce about 40 percent of the world's oil and they export about 60 percent of the world's total petroleum.
During the covid, fuel demand around the world plunged. OPEC did not initially adjust production and there was a huge oil glut. Suppliers were trying to unload product. Prices sank.
OPEC and Russia did ramp down production, but they have not readjusted production to pre-covid levels yet.
The price of oil has a lot to do with production and OPEC plus other oil producers have a great deal of effect on oil prices. Saudi Arabia has the largest influence. Oil prices are also market driven and there is speculation.
No President can have much of an effect on the price of gas in the short term. It's not fair to say that a President is why gas prices are high.
Over the long term, a President can affect prices. Killing pipelines and attacking the oil industry, regulations, taxes, etc.
So what do you think, Zack? Why do you think prices are higher now?
