posted by Fletch
Do you think we would have this price under Trump?
The market will price in future changes in supply, so Biden's actions definitely have an impact. But there's also been a demand surge with people getting back to work, travel, etc...A lot of climate change headwinds, and dropping $500B on green initiatives isn't a positive development for gas prices.
So prices would be marginally lower under Trump, I think. No idea how much, guessing maybe like 10% lower. It's pretty much impossible for 1 country to long-term impact supply to drive price changes....so with Trump you're looking at a little more locally sourced drilling, which basically yields just a transportation savings.
Probably too complex to try to manipulate gas prices in order to prop up more expensive wind & solar, but it remains true that prices have to be similar in order for people to swallow the switch from fossil fuels. Large tax increases for gas, and possibly carbon credits, are on the horizon.