More money in circulation means more money chasing limited supply of oil. Federal land off limit to oil exploration only effect future prices, but not current prices. It take years from exploration, development to supply. 3.5 years of Obama era is not nearly enough to effect the prices in a major way, maybe a little bit from speculation of diminishing supply for the future. Majority of the price movement is due to money printing and previous Bush/Clinton era of limiting supply
I don’t think any of that is true. Speculation is about the future and that does affect current prices. It is disingenuous to say that we would only be three years closer to some real oil production if 0bowMao had only done something when he first took office. Three years closer is better than Zer0 years closer isn’t it? I would also add that I didn’t make any claims about current prices.