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Supply goes down, price goes up. Pretty basic. No more Keystone, no more permits, hostile regulatory and lending environment for energy producers - we’ve cut supply, prices went up.
Add in a couple of trillion increase in the money supply and you get inflation. Again very basic, very predictable.
This will make you happy, or not, energy prices are very forward looking, tons of futures trading/betting/hedging. If the regulatory/political environment signals friendliness towards energy producers you’ll see an immediate drop in prices, and the reverse.
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