[Sending oil prices through the roof is really going to impact US oil producers... ]
The OPEC oil price spikes in the early 70’s put the kibosh on Jerry Ford’s re-election prospects just as surely as renewed price spikes in the late 70’s put the kibosh on Jimmy Carter’s re-election prospects. Oil consumers are a much bigger part of the electorate than oil producers. $4/gallon gasoline will help elect a Democrat in 2020.