www.forbes.com
Inflation has nothing to do with oil companies. The price problems with oil companies have already been defined.
I heard the CEO of one oil company speak to investors. She basically said it was in their best interests to keep production just below demand. Their profits are zooming right now. They have no reason to compete with themselves.Seems they are responding..but it's not instantaneous
What Is Holding Back U.S. Oil Production?
Here's why U.S. oil production has been slow to recover following the pandemic-induced production crash.
Of course, you're wrong. Demand for oil/gas is higher than it was before the pandemic. Production dropped by 30% in 2020. The oil companies are keeping production below demand on purpose. Nothing Biden has done is limiting production.
Like unemployment? Oh...that is doing pretty well, isn't it.
In one of the rare instances of lucidity ever expressed by a conservative here on PJ they correctly observed that there was a difference between being at fault and being responsible.
If their profits are due to taking advantage of inflation by price gouging, who cares if they are mom and pop. They're gouging real life moms and pops and kids around them.
I said what they need to sell to the public
as you know, a great many small businesses have to raise prices in order to survive... yes?
Then those businesses are VICTIMS and not perpetrators.
why? cost of goods is only rising. naturally, it follows that prices rise.
If profit rose faster than cost, why do you suppose that would happen ?
probable an excessive price. but costs are increasing for many... yes?
Domestic oil and gas production is way up under Biden. Deficits and printing money are down.Yes!
Inflation is Biden’s fault, and only Biden’s fault
President Joe Biden has been sleeping too long on America’s ailing inflation woes — while his lefty energy policies handcuff oil producers and tax Americans at the pump.nypost.com
If you break it you own it,” is pretty much what Joe Biden should be thinking right now, but he isn’t, of course.
Yes, it’s inconceivable that the president who so deservedly owns his moniker “Sleepy Joe” has enough self-awareness to own up to his role in fomenting the precarious state of the US economy that’s sitting on a 40-year High of 7.9% (and growing) inflation.
The problem for Biden is that inflation, according to every Wall Street CEO I speak to, is only going to get worse no matter how much he passes the buck and blames the Russians for higher prices on everything from gasoline to food. That is, unless Sleepy Joe has an awakening and reverses his bizarre energy policies that made America dependent on despots from Russia to Venezuela. No matter how fast the environmentalists and their lackeys in the White House push for a zero-carbon footprint, we still depend on oil and gas as the lifeblood of our economy.
Inflation is theft. It siphons money particularly from poor, working and middle-class Americans. But Joe Biden fueled it with absurd fiscal policies that included continuing to pay people not to work when the economy needed supply to meet the rising demand post-COVID.
HAHAHAHAHA!!!! OMG
As the U.S. is today.
as an example:
gas prcs are high, yes. what about all other businesses...?
OMG Funny
