This is the silliest strategy for lowering pump prices I have ever heard of. When the last release occured, the price went down for all of a few days. And today, oil went down from $110 to $102, that won't even filter down to a change of gasoline price at the pump but a few cents. During B1den speech today, I have an inkling that the CEO that he spoke about could have been RL that wouldn't raise production even if oil went to $200. We are the leader of capital discipline now. (which I strongly believe in) B1den tried to demonize the O&G producers through his speech and deflect responsibility for high pump prices to Puting, which has an affect but isn't a direct result.
Strange times people.