For that reason, reductions in U.S. oil production could actually result in higher overall emissions. The U.S. has one of the least emissions-intensive oil industries on the planet. Shifting production to countries with looser standards would likely be worse for the climate. But the deeper explanation for the Biden administration's actions has to do with the politics of climate change. Put simply, pursuing a decarbonization agenda requires Biden to maintain political support, and there is no surer way to lose political support than by presiding over high gas prices. Biden's approval rating has tracked gas prices for most of his presidency (although he hasn't yet benefited from recent improvements), and the drop in prices in the months leading up to the 2022 midterms may have contributed to Democrats' unexpectedly strong performance in those elections. Plus, when the price of energy goes up, the price of everything else tends to rise as well, sparking further inflation.
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