Co-blogger Pierre Lemieux writes: It should be pretty obvious that the president’s power to set world prices is (fortunately) nil. It’s actually not obvious. In fact, it’s false. The reason has to do with 3 things: First, the U.S. president has a lot of power over oil exploration and drilling. Second, the U.S. produces a … Continue reading Can the U.S. President Affect World Oil Prices?