> "There are very few tools the US administration has because the biggest drivers for gasoline prices are driven by global fundamentals," Matt Smith, lead oil analyst at Kpler said. "You can make decisions on domestic supply, but if it doesn't have an impact on the global picture, it won't have an impact at the pump."
One of the most overlooked tools... reducing dependence on oil. If supply won't budge, we should attempt to reduce our demand. It's odd that with all the issues plaguing the US because of higher oil prices, many governments (local, state and federal) refuse to acknowledge that our built environment has made us entirely dependent on oil for the foreseeable future.
One of the most overlooked tools... reducing dependence on oil. If supply won't budge, we should attempt to reduce our demand. It's odd that with all the issues plaguing the US because of higher oil prices, many governments (local, state and federal) refuse to acknowledge that our built environment has made us entirely dependent on oil for the foreseeable future.