The issue is quite simple, really. When additional oil, coal and natural gas development is blocked as an outcome of policy, energy prices jump massively. We are seeing 2022/2023 price increases in electricity, home heating, fuel, gasoline, natural gas and other total energy price outcomes in the 60%+ range.

https://theconservativetreehouse.com/blog/2023/02/19/minneapolis-fed-president-neel-kashkari-admits-goal-is-to-shrink-economy-to-meet-decreased-energy-supplies/