A barrel of oil is now less that a hundred bucks.

Sincere question: How could limiting drilling lower the cost of crude while raising the price at the pump at the same time?

Good luck with the answer!

 Lowering the price of crude has no real meaning if there is no crude available to refine - kind of like a store having a " 50% off sale" of merchandise of a product they don't have on hand to sell. You really have no clue - let the adults do the thinking.

Congratulations on making a statement that's more or less true--about a hypothetical situation that doesn't actually exist.

Did Fox News tell you "there is no crude available to refine"? Because that's simply nonsense.

And if there was a shortage of crude oil, wouldn't the price be going UP?

All these are obvious questions with obvious answers. The surge in prices is for the REFINED PRODUCTS that are made from crude, not for crude itself. DUHHHHH. There is a lack of refining capacity, due to conscious decisions made by the fossil fuel companies in order to keep prices high. There is no shortage of crude.

Maybe David can explain why the price of something there's supposedly a shortage of keeps dropping. Dumb fuck conservitard clown.

 Well, moron, the question was about "crude" oil. Get some help with your comprehension, or, better yet, just shut up and let the adults handle things.

No, the question was about the cost of crude oil and "the price at the pump." You may not realize that crude oil is not pumped into people's cars. It's a substance called "gasoline."

So sorry, your feeble attempt to weasel away from your ridiculous statement that there is a shortage of crude oil has failed. As have you, in general.

Stupid fucking little conservitard weaseling asshole.

  It never ceases - each and every time the liar Lewis is exposed in another lie, he resorts to insults.

All crude is not equal.  Most of our refining capacity is for refining sour crude, and since fracked crude is sweet, much of this IS NORMALLY exported.  We then import the less expensive sour crude.  We now don't have enough storage capacity to bring in sour crude because tanks are filled with sweet crude with no home.  This has created a shortage of sour crude, thus not enough gasoline, which drives up the market price of gas.

Nice deflection from Joe Biden and the Democrats’ failed green energy policy.  Crude oil is up 82% since Joe took office.  Gas at the pump is up 102%.  You got what you wanted.  Now own it.  Tell us how high gas prices are a good thing because it's going halt global climate change.  But don't try to weasel out of your cheering on the elimination of fossil fuel because I'm old enough to remember when you and your ilk used to glue yourself to famous artwork because 'we're all gonna die' if we don't stop using oil.  Oh wait.  That was just last week.

Now if you're really interested in why crude oil and gas prices are headed down, it might interest you to know that crude prices are not only based on immediate supply and demand but predicted supply and demand.  In fact there are things called commodity markets that allow traders to bet on futre prices. 

The general thinking is softer prices for oil and gas the last few weeks are becuase traders are concerned about demand.  They fear a looming recession as the Fed attempts to bring inflation under control.  Meanwhile producers are still trying to ramp up to take advantage of the historically high prices.

Global Oil Prices Dip Below $100 as Recession Fears Spread - The New York Times (nytimes.com)

So looming recession or devastating inflation?  How about both?  Democrats have always been pro-choice.  

Nonsense, Boiler. If what you said was true, it would have affected prices long ago, not just in the last several months.

Charles, here's one thing (among many) that you're ignorant of. Fuel prices don't conform to normal supply and demand metrics. When prices go up, they zoom upward, but when they drop, they drop slowly. That's because refiners and wholesalers will immediately jack up the retail price of fossil fuels, even if they bought those products for resale six months ago, in response to some "crisis" event, like a duck farting in China. But when any event of the opposite type happens, prices drop very, very slowly, as retailers want to hang on to their increased revenues as long as possible. Economists have a name for this: "rocket and feathers."

You have to consider that the world supply of petroleum has not in fact been disrupted to any significant extent. What we're actually seeing is the great big casino that is the futures markets, where we are the chips. It doesn't even resemble a classic economists free market.