> If you want to say that M1 has caused a demand-side inflation, fine... but it seems to me that 1/2ing the price of oil would 1/2inflation I would like to se

> If you want to say that M1 has caused a demand-side inflation, fine... but it seems to me that 1/2ing the price of oil would 1/2inflation I would like to see some evidence for this, as I don't think this is the case, I think this is just propaganda from fossil fuel companies and their political allies. Like Biden said the economy is just in transition. I think restricting oil and gas supply further will be much more more likely to lower inflation. Maybe Biden should outlaw all oil refining on US soil to help drive the transformation faster. If people were just less greedy and cared more about the environment than their wallets then they would buy electric cars instead of driving gas guzzling SUVs that are destroying our planet.