Thanks for your responses. I don’t necessarily think it is only speculation driving the price but I don’t see how you reduce the consumer price without price controls on what crude produced in the US can be sold at and specify that it can only be consumed in the US.
Just trying to get a grip on this drill more thing when there are many other factors included in what the final price at the pump becomes.
We will be a net exporter of Natural Gas in about a decade, in my opinion.
Transportation cost will effect pricing some, but to a limited amount. Which is why WTI which historically is more than Brent has been running about $10 cheaper lately. That is near the limit of the difference. More than that an it can be loaded on rail and ship to be transported to higher priced areas.