The New Energy Policy
- davidcogd
- Nov 10
- 1 min read
In a post on September 24, 2024, before the second election of Trump, Cogport.com reviewed the recent history of oil prices in the U.S.
Here is a brief summary of that History:
Obama (2009-2016) $75 per barrel. Peak Price $109
Trump (2017-2020) $53 per barrel Peak Price $ 70
Biden (2021-2024) $80 per barrel Peak Price $130
You can easily see the major swings in prices between Open and Restrictive Policies.
The effect on inflation under Biden was significant with the rate peaking at 9% as oil peaked at $130 per barrel. Other inflation factors included a massive increase in the Federal Budget spending/deficit.
Cogport proposed in 2024 that the U.S. return to Open Policies for drilling and exploration of oil and natural gas in the U.S. as done under the first Trump term. This required a reversal of Biden’s restrictive rules.
Cogport forecasted a target price of $60/Barrel for WTI Crude Oil with Open Policies.
Trump won the 2024 election and immediately opened energy policies for oil and natural gas.
Today, the price of WTI Crude trades at around $60/Barrel as Cogport forecast.
This happened despite tariffs and sanctions on Russian Oil.
This is a major outcome for a policy that reduces energy costs and inflation.
David Hollaender November 10, 2025
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