Trump says low gas prices are coming. Trump’s prediction of $2 gas is being touted politically, but analysts attribute recent price drops to global supply rather than Trump. While gas prices have temporarily fallen, high electricity and natural gas costs have continued to strain consumers.

OPEC+ resident increased production after the election after having pushed backed planned increased production for over a year, they got their preferred candidate in.

Now there gosh is to undercut the US shale produced oil which requires a light higher global price point to be profitable. But the expansion of US LNG sales that the shale wells also produce towards has allowed more cushion compared to mid-2010s, when OPEC+ production increases led to mass wells being closed.

Enjoy while you can…oil production is going to get constrained in the near future.. The US shale “miracle” is running out of steam..Most legacy producers are in terminal decline…