RE: The consumption of heating oil has been in decline for decades
Of course. Heating by oil has increasingly been replaced by natural gas.
Small comfort. It’s not as if natural gas prices have not been increasing.
In fact, it’s even worse than oil. Price per BTU have DOUBLED compared to pre pandemic. Are we encouraging more or less fracking compared to the previous administration?
Whatever we're doing, it's working. US natural gas production is all the way back and now at all-time record levels.
I'm not defending Biden's energy policy. I'm saying these are global markets and the other forces at play have had a much bigger impact on prices than our government has.