Pelosi oil

The governments attempt to lower gas prices is getting entangled with climate change to the point where one is competing against the other and the result is difficult to understand. If the goal of oil companies is to make money they should produce more while the price is high but they are somewhat stymied by various regulations. Environmentalist prefer the oil to come from the strategic reserve or foreign countries rather than oil from the US. Burning oil adds CO2 regardless of where it comes from but they see it as a setback in their plans to lower US oil production. Here is a quote from Pelosi. And one of the things that I would say is that we want to fight inflation.  The price of oil is an indicator – the price of gas at the pump is an indicator.  Putin has exacerbated it.  But we cannot allow the fossil fuel industry to use this as an excuse to reverse everything we're doing to save the planet.  One of the things I think that the President may say – I don't have this as a fact – is that we will use the Defense Production Act to speed up diversification so that we're not so dependent on oil.