RE:disgustingThere is no question that Trump's economy was better than Biden's economy. In a perverse way though the Biden economy may be better for oil.
That is, the restrictive and confrontational policies towards oil production by the Biden administration has a chilling effect on production which is supportive of higher oil prices.
Trump's policies on the other hand support increased production which leads to lower oil prices.
What we're presently witnessing is that oil prices and interest rates are inversely related. Oil prices have retreated on recession fears as interest rates have climbed to fight inflation. Inflation that's been created by the bone headed covid "free money" fiscal policies.
So for oil prices its a balancing act. Restrictive production policy and a crappy economy from Biden vesus a good economy and more oil production from Trump.
Believe it or not, BTE's stock price the day Biden took office was .90.and WTI was trading for $52.