US Oil companies don't control the price of Oil and don't have the production to heavilly influence the price of Oil.I'm not talking about the US government, I'm talking about the US oil companies that are sitting on large quantities of expensive to extract oil, and when the price gets high enough, they can produce more, which will divert revenue from OPEC+ to American companies. That is not the US government setting any kind of cap through legislation.
But the did get trump (who they gave huge financial donations too) to get OPEC to cut Oil by 10m barrels a day... That was at the time was equivalent to the total of US Production... This effectively started a a run that ended with Oil being worth 5 times its price...
None of the Trump Supporters said anything when oil when up 2.5 times under his watch but suddenly went ballistic when it than continued on... Biden didn't set this in motion and had very little power to turn it around by the time OPEC knew they had now all the bargaining chips (had enough arms to see out the war and probably good ties with China as not to be put in that situation again)...
The massive rise in Oil was caused by an increase in demand, something either Trump was too short sighted to see or didn't care the damage he caused.. The way Trump saw the world, making Biden's Presidency harder was a win for him, fuck America.