EFR said:
With this one it entirely is about what Trump did, and what he does in the future. Folks love to say the president doesn't control gas prices, and they are usually right. This time it is entirely related to the administration striking Iran.
This is absolutely correct. In in the spirit of calling a spade a spade...
Since Trump took office the 2nd time around:
BLM approved over 6100 applications for permits to drill, more than any fiscal year in the past two decades.
Seeded TVA and Holtec combined $800M for small modular nuke reactor projects.
Funded the restart of Constellation Energy's 850MW nuke plant in Pennsylvania.
Delayed or cancelled the closure of 17GW of coal fired production.
Included Potash and Phosphorus in the USGS Critical Mineral list creating a policy framework for investment incentives, stockpiling authority and supply chain protections.
Released 172M barrels from the SPR over a 120 day period in response to actual wartime conditions rather than election time conditions.
Temporarily waived the Jones Act - mostly in an effort to speed the SPR release but also impacts critical fertilizer shipments.
Eased sanctions on Venezualan fertilizer and oil sales directly to the US/Western Hemisphere rather than having it go overseas on the sanctioned market.
Here's my larger point - This (Iran) is calculated gamble on the Trump admin that they'll be judged for. In a bubble, the considerations on the cost of fuel at the pump and the increase in food prices we'll see in 3-4 months when crop yields are lower because of the impact to fertilizer production will be enough for most casual observers to call it a failure. I disagree but that's beside the point.
For all the derision toward Trump in the limelight, the way that Chris Wright and Doug Burgum have steered this ship in the background is masterful and we should be glad Trump had the good judgement to get those men in the seats that they are in.