RE:RE:RE:RE:RE:RE:API Inventory:I think it was quite easy to understand that Kamtoe will indirectly try to reduce oil production through over regulation, restrictions and possibly other measures like net zero and emission caps etc. Most oil execs have publicly voiced their dispeasure with with the Biden admin already but it appears that Kamma will double down on policies that are detrimental to the oil sector.
So the most likely scenario is lower US production, higher oil prices but also higher US costs. Kinda/sorta like what Trudeau has done in Canada Eh. So higher pices, good for Canada right but mixed for the US producers and negative for consumers.
So if drill baby drill lowers prices then why would Saudi want the Republicans in the white house? Russia has aligned themselves with the east including Iran, which Biden is soft on, so they want the Republicans in power, why? The best reason is policy with better outcomes. Republicans will align with the Sunnis pressuring the Shia backed malitia which favours the Saudis while ending the war in Ukraine through some sort to settlement which may include a cut back on never-ending financing of Ukraine which is beneficial to the conflict there.