In November 2021, the Environmental Protection Agency announced new regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year.
Last spring, Biden signed a resolution that overturned Trump administration reforms to EPA oil and gas rules. This resolution will worsen energy poverty, reestablish burdensome regulations, and have a disproportionate impact on small businesses.
One of Biden’s first actions after taking office was to halt new oil and gas leases on federal lands and waters, the Biden administration has delayed decisions on these leases — a move that results in higher energy costs for the most vulnerable consumers.
@Dainbramadge said: [quote]It’s true that when the price of oil rises, oil companies make more money. However, producing companies don’t set the price of oil, the free global market does. [/quote]
And then, a quantum fluctuation occurred, taking him back in time a few minutes, and then he wrote this post, that he had previously responded to.
So, do you, in your own words, understand how the President does NOT set oil prices? When in doubt, ask the other guy you share a brain with. 🤣😂