Top Biden administration officials meet to discuss rising gasoline and natural gas prices, as the president faces growing pressure to keep a lid on inflation bloomberg.com/news/articles/…
Not that much admin can do to reduce energy price pressures, since these are global markets. What little they can do would probably not have much effect and some of those tools (e.g. using emergency powers to curtail exports of oil & nat gas) would tick off our European allies
My fear is that admin might also over-respond to near-term shock. Politicals might look at rising energy prices and say hey, maybe now's not time to push climate transition stuff after all, since GOP opportunists will conflate green policy w/ what's behind this energy crunch
That's not the case of course. If anything, lesson from this energy crunch is that fossil fuels are not so "resilient" after all. If we want more reliable, cheaper energy sooner, we need to make policy changes that accelerate the transition to clean energy washingtonpost.com/opinions/2021/…
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