> It has more to do with the potus and his energy policies. It isnt supply and demand. They are not investing in new wells, refineries and infrastructure. They are paying investors more
Who is 'they'? No president has much control over oil or fuel prices. If POTUS could wave a magic wand and cut gas prices in half, he would. But he can't.
In the US, decisions about petroleum exploration and production are almost entirely made in the private sector. And those decisions are made based on profitability. Why are energy companies sitting on thousands of mineral leases? Because they aren't deemed to be profitable enough to warrant drilling. How do they become profitable? Higher prices. Likewise with petroleum transportation and refining infrastructure. If petroleum prices go up, companies invest in exploration and production. Of course, the petroleum industry wants to see indications that higher prices will stick around; when prices are falling like a rock, as they are now, they still won't invest in exploration and production even though prices are high.
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Today's Featured Article - Tractor Profile: Oliver 70 Row Crop - by Staff. The Oliver 70 was part of the "Fleetline Series" and was manufacturered from 1937 to 1948. The row-crop configuration could have either dual or single front wheels. The Oliver 70 was also offered in the standard, orchard and industrial configurations. The tractors were sold in Canada. An early advertisement states "Power when you want it - power when you need it - power to help put in crops when field conditions are right and time and help are limited. That's the power you'll find in an Oliv
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