Inflation

[Unique_Carpenter]

All,
This is an inflation thread about "hobby". Let's stay on that topic.
Worldwide economics are sandbox or the political forum for another thread.
What's that phrase similar to sand drift..... never mind.

[BLM69]

I remember taking with a street hooker about inflation a few years back, she told me that their rates haven't changed in 20 years 😂 I thought about it and she's correct, BJ's cost $20 in the 90s and they're still $20 today. Some things never change, only the players

[rogerdodger21]

Originally Posted by NordicJag

The main point is that right now the oil companies do not want more production. They are purposely keeping production low so that it drives up the price. There is more than enough oil out there to keep the refineries busy. They care more about huge profits than they do about putting people back to work. The oil companies are raking in the money.

When oil prices were lower when Trump was in office, is it fair to say the greedy slimey oil companies were trying to not make as much money??

[rogerdodger21]

I hear certain congressional members are calling for an immediate end to Russian oil imports into the U.S.

But wait...but wait...contracts are in place, they can't do that!!

[AndyDufresne]

Originally Posted by rogerdodger21

When oil prices were lower when Trump was in office, is it fair to say the greedy slimey oil companies were trying to not make as much money??

Exactly! When our idiot Department of Energy Secretary Granholm was asked about increasing domestic oil and gas production (you know, the whole supply part of the equation) she mockingly laughed.

[rogerdodger21]

"The Keystone pipeline would have provided 800,000 barrels of crude oil a day," the Montana Republican said ." "About 150,000 barrels a day would have come from the Montana-North Dakota region, so it would have helped our economy and helped our security. It would have been a win all the way around."

His comments come after West Virginia Sen. Joe Manchin, a Democrat, who chairs the Senate Energy Committee, pointed out the United States buys more than 600,000 barrels of crude oil a day from Russia and called out for the administration to reverse its drilling decisions.


"By closing down the leases on the oil and gas properties that the federal government has, we're also experiencing those shortages as well," said Rosendale. "We could provide the oil, and we could stop funding the Putin military operation and help our own economy as well."

[Unique_Carpenter]

Ok, enough of the hijacks.
Start a world wide economics thread elsewhere.

Closing