I don’t doubt the effect of low prices on folks in the industry. All I am saying is that raising prices that negatively impact the entire economy to benefit a small slice of the economy, ie the oil workers, makes little sense. Remember that there are boom times and bust. I don’t recall any oil workers giving up $100/hr jobs in the Dakota areas when shale was big because their salary was disproportionate to everyone else’s in the economy.
If you are in a boom/bust industry doesn’t price fluctuations and consequences kinda come with the territory?
Yep, boom/bust cycles go with the territory, but we don’t need POTUS putting his thumb on the scales. If prices are too high, people quit buying, and then they drop. I am just saying let the market function.