Conor Dougherty

So this work is just grinding hard work that's also kind of thankless.

And it feels like the states have kind of run out of options.

And so they are doing the hard work.

So let's say all these states, California, whatever, Texas, actually have a huge impact on the supply and actually they lower prices for people, right?

Let's say it's a resounding success.

That resounding success is unlikely to happen in anyone's political lifetime.

It's certainly not going to happen before the 2026 midterms, right?

And it's very unlikely to have a huge, huge noticeable impact on prices by 2028.

I think the federal government can be a huge part of this story.

I think there are lots of things the federal government can do to help these efforts that are happening in state and local governments.

But they're not going to be the author of them.

Thank you.