“Drill, Baby, Drill” Won

“Drill, Baby, Drill” Won’
“Drill, Baby, Drill” Won’t Bring a Flood of Crude

Much of the commentary in the political press since Donald Trump won the election on November 5 has touted the supposed flood of U.S. crude oil production, which his new industry-friendly policies will unleash. Gasoline will be cheaper. The Saudis, Iranians, and Russians will go broke. U.S. energy d…