Yglesias does a deeper dive into some of the issues surrounding oil. One idea I love is utilizing the Defense Production Act to semi-nationalize the oil industry in the United States and prevent them from price gouging.
You know the cynical game the Republicans are playing:
- Sanction Russia's oil industry
- Watch oil prices skyrocket
- Blame Biden for oil prices
If Biden were to use the Defense Production Act to drive down prices, it would put the GOP in the position of defending the price gougers.
I doubt they would do it, but it would be hilarious and just desserts for the oil companies.
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