Inflation Reduction Action - Drill More Wells

If the world had more oil, then the price of oil could go down.
The reason is simple. It is called the law of Supply and Demand.
If the price of oil was lower, then the price of gasoline and diesel could be less.
If the price of gasoline and diesel was lower, then the price of goods and services could be less.
If the world had more natural gas, then the price of electricity could be less.
If the price of electricity was less, then manufacturing could make more widgets.
If the world had more widgets, then the cost could go down.

So, if the Federal Government really wanted to lower inflation, then I think they should let the American Oil & Gas Industry drill more wells.

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.