Biden urged OPEC to increase its oil output to relieve a temporary shortfall of oil, and acknowledged the irony of this.

He's right, in a narrow sense. However, I think the economic harm of capping fossil fuel extraction at the current level would be far less than the harm done by allowing extraction to increase as the market would happen.

An intermediate option would be better if it reduces extraction effectively and soon. Perhaps Biden should have demanded such a deal before asking OPEC to increase extraction.