Under Each of the Last Three Presidents, oil and gas production was higher at the End of Their term than the Beginning

When you read this, pay attention to who is funding who for the presidency. It is surprising and it is not surprising. We have heard this person who longs to be a president again and people still support this person? The energy companies backing are profit and control mongers. They see an opportunity and they are preparing for when and if Trump becomes President.

Under a President Kamala Harris, they would still be profitable. They would also be accountable which they do not want. They are willing to sacrifice the country and its citizens for this for the greater freedom under a Trump presidency.

Many of these companies already have the executive orders written for when Trump takes office..

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Choices in one administration affect the next

Global events can also have large effects on production.

What caused oil production to surge?

Drilling technology has been an important driver of the industry’s success.

Natural gas followed a similar trajectory. 

What about coal?

The bottom line

Trump can take credit for allowing more leases for oil and gas drilling. The Biden-Harris administration, while it issued permits for oil and gas drilling and production increased on its watch, established several rules to limit greenhouse gas emissions from fossil fuels.

Presidents’ actions can matter for the industry’s future, but the major factors in U.S. oil and gas production so far have been increased production efficiency, increased global demand, and the lower cost of natural gas as compared with coal.

Because Trump can be manipulated by feeding his ego, the energy companies are funding him biggly as compared to Harris.