Sounds like they found a creative way to stem price increases. I say increase the limit of the fed reserve and fill it when prices are low to slap down greedy comps if we're not willing to impose price caps on oil.
and as video points out, admin went out of their way to also make the deal profitable for Conoco-Philips....they would've walked away if admin had worked it in such a way where they were not legally in hot water and still unprofitable for CP. As I say, the legal fight would've been worth politically if admin was willing to paint CP and "federal society judges" as the "planet killing" bad guys in this case.
yes, I think we all know why energy prices went up, and yes, energy is a nat. sec. issue as Carter found out. And yet we're still here with prices coming down as the conflict drags in stalemate. Nevermind we could shore up our energy security by ramping up renewables, nuclear, and hybrids/ev's or being more selective of how we source our oil.
Same reason as native Americans or inuits are not I guess. I'll let you figure it out.