Any successful energy transition policy for the U.S. will involve political as well as economic considerations. U.S. President Joe Biden clearly understands this. He recognizes that, for many Americans, soaring gasoline prices will quickly turn the Green New Deal into the green bad deal.

Asking Saudi Arabia to pump more oil while reducing domestic production through regulation and taxation is not hypocritical. With his visit to Saudi Arabia this week, Biden is simply recognizing that in the near-term, Saudi oil is essential…