marvin martian
Diamond Member
Is this what you voted for, Democrats?
Among some of the earliest announcements coming out of the White House after Joe Biden’s inauguration was a promise to clamp down on drilling, particularly on federal lands and offshore. While this all has to be done in stages, the oil and gas industry is already reacting. And since markets rely on “futures” as much as they do current supply and demand levels, the effects can often precede the cause. This is being noticed all across the nation at this point. As CBS Baltimore pointed out on Monday, gas prices have been slowly but steadily rising over the past month. There are actually a variety of factors driving this trend, as we’ll get to in a moment, but government policy both at home and abroad is always a factor.
Among some of the earliest announcements coming out of the White House after Joe Biden’s inauguration was a promise to clamp down on drilling, particularly on federal lands and offshore. While this all has to be done in stages, the oil and gas industry is already reacting. And since markets rely on “futures” as much as they do current supply and demand levels, the effects can often precede the cause. This is being noticed all across the nation at this point. As CBS Baltimore pointed out on Monday, gas prices have been slowly but steadily rising over the past month. There are actually a variety of factors driving this trend, as we’ll get to in a moment, but government policy both at home and abroad is always a factor.