Oil prices are going up because of the coming scarcity of domestic oil production due to pipeline cancelation and banning drilling new wells on federal lands.

This artificially raises and maintains the higher price.

i always wonder how leftists environmentalists always promote supporting local production of everything to fight big corperates, but then when the local oil production is being shut down they start clapping. now the same product is imported from other countries via railroads and sealines where the medium of transport uses the exact same product they transport to generate the kinetic energy of said transport.

i could go on but you guys already know where im going

My take away, we should invest in fossil fuel stocks to off set the extra money it is costing us at the pump.

They're working with a lot more money for less oil. Their valuation increases to match that.

Btw....domestic oil is being produced/extracted and transported with very strict governmental and environmental rules and regulations.

The majority of foreign oil is produced with little or no regulation....which leads to a lot of spills and environmental contamination.

Which should the environmentalists prefer??