When Donald Trump’s allies go on television claiming that gas prices will soon drop “20%–30%” thanks to a triumphant return to “drill baby drill,” they are leaving out the actual reason fuel prices are sliding, and it has nothing to do with U.S. drilling. In fact, the numbers tell a completely different story with fewer oil rigs, fewer natural gas frac crews, mass layoffs across the American energy sector, and an international oil cartel flooding the market at Trump’s request.
Source: UOMOD