EPA rules on power WOW, people I know who have a modern house about 2100 square feet no heat from electricity running about 500.00 a month. Unreal
All I know US has increased output and yet Gasoline prices have not move much in the Country.
Thank your government for that one....BIG TIME. Look at the taxes they levy on the product. Look how they prevent additional refining capacity from being built. They ARE the problem.
Somewhat counter-intuitively, I suggest this is on net a good thing.
If gasoline (actually oil) prices were to drop dramatically, a lot of the drilling would quickly stop.
Horizontal drilling is a good deal more expensive and much lower prices would mean a lot of the wells being drilled would quickly be considered uneconomic. Drilling would stop. It's possible a lot of the drilling capacity would move overseas where they could still make money.
From a national security standpoint, I think adding as much production capacity as possible here is a lot more important than having gas be a dollar cheaper at the moment.