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I am not talking about what Psaki said. I am telling you what I know to be true from listening to executives of oil producing companies say about their capital investment plans in their earnings calls. They say they are choosing not to chase investments. And that makes sense when you look at how investing in drilling so many holes in the past has destroyed shareholder value.
You are the one being willingly duped.
Inflation is at 7.9% now. Another Biden win!
Outside of any president’s control. Again, seems like you would prefer to socialize production.
The Federal Reserve has been trying to cause inflation, and they overshot. Our Fed is independent. We have seen massive QE, starting under Trump, and near zero-bound rates for what has obviously been too long.
But if you think our inflation is bed, check out Japan or Europe. This is not a US specific problem, it is worldwide, thus it can’t possibly be a Biden caused problem. Educate yourself.
LOL
But somehow I remember that some idiot on here was proclaiming COVID to be a Trump problem. Tribal FOOLS.
I have always maintained that the FED is mostly responsible for inflation. YOU, the easily duped, have been arguing it was totally supply chain related (and that supply chain was hurt by COVID and not COVID mandates and shutdowns and other stupidity). Go back and check your own posts.
Of course, when you pass trillions in stimulus for a problem that cost billions, that doesn't hurt either. I think there is a bill that passed the house yesterday that will add to the problem as well.
Educate YOURSELF and try to be consistent (don't change your narrative when told to do so just to be a partisan hack).
So Biden is now saying we should bring back production to America. You argued for globalism during Trump's term, so I suppose you are going to fight your senile, diaper wearing leader now?
COVID and supply chains have just as much an impact on the current hot numbers as the Fed. If you strip out the impacts of inflation in used cars and energy from CPI, you get a much lower number. Those were directly caused by auto production getting cut in half by chip shortages and oil flow being shut down because of the destruction of demand during the beginning of the pandemic.
Debunked over and over and over and over again. That fact won't ever matter to you, though.
So now I hear that there are likely US bio weapons labs in Ukraine that we are concerned about Putin getting his mitts on. As planned, we knew about Putin's intent to invade for months but did nothing to shut that down or remove them before he invaded. Another Biden success story, I suppose.
Wonder if Fauchi has his hands in this one just like the one in Wuhan?
Like hell US oil producers could produce more if they wanted to. They have been coerced by the "adults" to produce less.
REPORT: Democrats Met With Oil Execs Last Year And Pressured Them To Decrease Output Over Climate Change (thegatewaypundit.com)
They can. It is as simple as drilling and pumping. They aren’t being stopped, except by their desire to appease their disgruntled shareholders. Politicians can say all they are want, but at the end of the day these companies are driven by market forces. That is what they all tell you - you can even look up some quotes from CERAweek, this week in Houston.
Little Kim might not get as far with South Korea as you might have thought with a new sheriff in charge.
South Korea's Conservative President-Elect Vows to Bring Country Closer to America (breitbart.com)