Why Trump’s ‘Drill, Baby, Drill’ Policies Will NOT Reduce U.S. Oil and Gasoline Prices

Even if Trump opens more federal lands and offshore areas to drilling and slashes Environmental Protection Agency regulations on methane pollution, American companies will not simply produce more petroleum and sell fuel at a lower price. This is because competing nations like Saudi Arabia could simply reduce their own production and keep global prices high for their own financial or political reasons, said Gordon Kaufman, a petroleum industry expert at the Massachusetts Institute of Technology.

Oil and Gas Watch