The answer is none of the above. The POTUS has nothing to do with the price of oil. And yeah, I'll admit I haven't read the responses after your original post because I'm sure many are as clueless and misinformed as I would expect so I didn't feel the need to do so.
Originally Posted by Lucas McCain
"The answer is none of the above." That's absolutely correct with respect to WTF's specific question.
The president can affect the price of energy, especially if the courts or Congress go along with him. The price of natural gas during the Carter years is a good example. The price of the marginal source of supply of natural gas, from wells below 15,000', shot to the moon because of government policies. It's harder to fuck things up with oil, but the threats from Biden and the progressives to ban fracking or stop drilling on federal leases do have an affect on the industry. If they carry through on their threats, especially banning fracking, that would certainly affect the price.
Apparently the EPA is slow walking approvals for liquefaction plants for natural gas right now. Too bad. If we were exporting a lot more LNG we'd be better off, and so would the Europeans who are hostage to Russian gas. And the price of LNG would be lower.