Impact of Liberal Leadership on Oil Prices
Mining experts argue that liberal policies often contribute to increased gas prices and greater profit margins for oil traders.
As oil prices decline, some may find it surprising that Democrats—known for their critical stance towards the oil industry—are inadvertently enhancing the profitability of these companies. This situation, it seems, might leave the average American with lighter pockets.
Dan Doyle, president of Reliance Well Services, points out that restrictions on pipelines and drilling technologies, often implemented by Democrats, ultimately hurt consumers. He explained, “Profitability tends to be somewhat better under Democrats than Republicans,” adding that Donal Trump’s approach—using oil pricing as a lever to reduce gas prices—illustrates a stark contrast.
Doyle cited President Biden’s decision to shut down the Keystone XL pipeline on his first day in office as emblematic of a trend that raises daily living costs for Americans. “Closing the pipeline will only make it more expensive. Now we’ll have to transport it by road,” he said, noting the potential safety hazards of road transport.
Recalling the Lac-Mégantic train wreck in Canada, where a train carrying crude oil derailed in 2013, Doyle noted, “Pipelines might have leaks, but if there are leaks, we’ll know and fix them quickly.”
Mr. Doyle advised that looking at oil prices across different administrations could clarify the situation. He reflected on the Obama era, suggesting that oil prices reached around $100 per barrel, adjusted for inflation—substantially higher than today’s figures.
Doyle, however, understated some facts. According to the Energy Information Association, the price per barrel was $98.99 in January 2012, which, adjusted for inflation, translates to approximately $142 per barrel today. In contrast, under Trump, oil prices peaked at only $73.15 in January 2025. Comparisons show that previous presidencies experienced much higher peaks: Bush’s at $128.08, Obama’s at $108.80, and Biden’s reaching $113.77 in June 2022.
As of November 2025, the U.S. crude oil price was just $58.13.
Doyle emphasized that those who are already struggling, perhaps working multiple jobs, shouldn’t have to deal with high bills driven by political decisions. He stated, “High bills are a result of political rather than just market forces.”
While speaking at a rally for 2024 vice presidential candidate J.D. Vance in Erie, Pennsylvania, Doyle dismissed environmental critiques directed at his industry and critiqued the “war on fracking” that began under Obama. He expressed concern about who ultimately bears the brunt of these decisions.
“The left seems focused on punishment,” he claimed, suggesting that their methods end up raising prices for consumers while the wealthiest oil magnates still manage to thrive under Republican leadership.
