Politically speaking it creates jobs, revenue, taxes, and if it does lower gas prices, then a happy populous. The problem is that it takes about 1-2 years from

Politically speaking it creates jobs, revenue, taxes, and if it does lower gas prices, then a happy populous. The problem is that it takes about 1-2 years from pre-drill planning, to actual production, refinement, and finally to gasoline.[0]So actual lower at the pump could take that full two years which - again politically speaking - would be perfect timing. Lowering the gas price by .50 cents or more could have a major impact at election time. Tl;dr: It's likely a political vote getting move. [0]. https://www.investopedia.com/ask/answers/061115/how-long-does-it-take-oil-and-gas-producer-go-drilling-production.asp https://www.investopedia.com/ask/answers/061115/how-long-doe...