Oil companies make less than 10 cents per gallon on finished gasoline. They are making a killing of natural gas. It's literally a free product that flows freely during oil production and gives them an insane revenue stream. It's base price is up 85% over 1 year.No, and why would they? The people investing in oil are making a killing right now, why lower the price with increased supply? This is capitalism disguised as environmentalism, always has been. It's also an American fantasy to be the next OPEC and we can't do that in future if we're using it now.....besides, if we're willing to pay over $5.00 per gallon, what incentive is their to lower the price?
I've never said we shouldn't use our own oil, never said we shouldn't build more refineries (which we have been, contrary to the post by whoever that was....), I've always advocated for ICE's AND EV's together as the only viable solution (despite my desire to own another EV, I know they're not practical for everyone right now, but that yes, they're practical for most people).
As far as "tax" holidays, it's an absolute sham still but it does show how much we are actually paying in taxes that are supposed to go back to us yet usually fill construction pockets.