So Biden wants a nuclear option against OPEC+? Let me give you one: first – kick shale to high gear. Kick out the blocks that hamper shale growth as far as it’s reasonable. Show them some love. Then, encourage gasification of the US transportation sector. It’s already there (thanks T’Boone) but there needs to be more. LNG and CNG vehicles could be lighter taxed and favored. That would clean the air and free up more oil for export which in turn would earn a buck. Oh, and cheap and reliable clean energy would nuke China’s export machine too. OK, we get it.
Crude prices have fallen back somewhat as several large oil consumers are considering a strategic reserve release, but talk about NOPEC, a very powerful anti-cartel bill hasn’t died