Bideninflation

[berryberry]

Biden’s Green-Energy Price Shock: Before Senile Biden, it took 15 years (180 months) for US electricity prices to increase by 29.5%. After anti-fossil fuel Senile Biden was elected, it took only 38 months for electricity prices to increase by the same amount -- 29.4%.

this is all be design by the leftists to destroy America

[eyecu2]

Originally Posted by berryberry

Biden’s Green-Energy Price Shock: Before Senile Biden, it took 15 years (180 months) for US electricity prices to increase by 29.5%. After anti-fossil fuel Senile Biden was elected, it took only 38 months for electricity prices to increase by the same amount -- 29.4%.

this is all be design by the leftists to destroy America

Don't you think that this is due to the electric utilities (whom operate as monopolies essentially) filing with local state PUC's to increase rates to meet the build up of local and interstate transmission lines? I know for a fact even local suppliers have raised rates by requests to help bolster and build out the failing power grids as we get more and more demand for electricity.

Could it be- that they are looking out for their build out costs and expenses? A major local provider has spent over 7 billion dollars in that infrastructure that both automates and builds out controls in the distribution and transmission projects.

For example if the state of TX who suffers from one of the most antiquated designs and is not part of an interstate supply, is really going to be facing huge issues with infrastructure. Their systems have zero built in saftety processes to hedge against bad weather shutting in systems when demand is high.

I'm just saying- it's not a Bidenomics issue. It's an issue that this infrastructure sucks in general - and that you will pay now or later when it comes to offering consistent electrical demand and supply. Not just because the left and some ppl on the right are suggesting we need clean air and electricity.

We can do both actually. Further the discussion should be - are electric grids going to be state issues, public utility issues, or should they be a Fed Government oversight / and publicly funded issue? I'd actually suggest that it's the later since most electrical production for some states operate out of their own areas and they have to purchase that same electricity from over state lines; simply put- we have a supply issue problem and the only way to change that is to build more power plants or better ones, that can handle the demands and be consistent.

[berryberry]

Originally Posted by eyecu2

I'm just saying- it's not a Bidenomics issue.

So in your mind it is all one big coincidence that electricity costs spiked only when Senile Biden was in office. Please

It is Bidenomics and his war on fossil fuel

[HDGristle]

Tell me you don't understand electric utilities without saying you don't understand electric utilities.

Berry, you're already covered. Everyone else, go for it.

[bigguyt]

The rising cost of fuel imo was the cause of the inflation jump when biden took office. That jump came when Joe shocked the petroleum industry by placing their balls in a vice and squeezed. The problem with this thinking by the simple minded folks was it took oil production from the USA to overseas where they don't care about pollution standards. Therefore our fuel now comes here by way of carbon producing ship by a country who doesn't have the same environmental protections as us. Unless of course they have different environment as us. The democrats can't comprehend drill it here, process it here, sell it here, regulate it here.

Either way I am drunk as hell and I will probably regret this post tomorrow #MAGA

[Salty Again]

... Oh, the Dems CAN process the thought, mate.
They do understand the obvious benefit of drilling here.

But you gotta wonder just how much of a kickback $$$$$
they're getting for NOT drilling here.

... Perhaps George Soros is the one who is benefiting. $$$$$
And handing out campaign money to the Dems from that.

#### Salty

[eyecu2]

Global commodities don't conform to local politics. It's why when oil production in the middle east drops, the value of oil here spikes. If we were only to rely on local politics for oil costs and local production, it might be a different story. But as this is about electricity which is domestically produced and distributed, it has much less impact from foreign baloney. Not every cost is a reaction to politics...sorta like egg prices.

[berryberry]

Beyond electricity costs soaring thanks to Senile Biden's inflationary policies, we have this:

Days under Senile Biden gas has been above $3 a gallon: 1,077

Days under Trump gas was above $3 a gallon: 0

[bambino]

Originally Posted by eyecu2

Global commodities don't conform to local politics. It's why when oil production in the middle east drops, the value of oil here spikes. If we were only to rely on local politics for oil costs and local production, it might be a different story. But as this is about electricity which is domestically produced and distributed, it has much less impact from foreign baloney. Not every cost is a reaction to politics...sorta like egg prices.

What? Commodities affect prices globally!!!! You pay what the commodities exchanges establish. It’s no different from the NYSE and stocks. You pay what the going rate is. Jesus tap dancing Christ.

[Salty Again]

Originally Posted by eyecu2

Global commodities don't conform to local politics. It's why when oil production in the middle east drops, the value of oil here spikes. If we were only to rely on local politics for oil costs and local production, it might be a different story. But as this is about electricity which is domestically produced and distributed, it has much less impact from foreign baloney. Not every cost is a reaction to politics...sorta like egg prices.

... Then allow me to inquire directly:

Do YOU believe that America should be drilling for oil HERE
- and work to become Energy Independant??

Biden and "Bideninflation" surely don't.

#### Salty

[berryberry]

[eyecu2]

A couple answers to questions.

Should we drill for oil and gas here? Of course, but I don't think we should be selling that commodity overseas. Despite the capitalist vision of that gas being sold at the prevailing price, one could be reasonably concerned if natural gas exports are now a part of the global pricing. It would mean a huge increase in heating costs as soon as we export oil or gas. We have to balance demand with more supply for sure, but over supply will only be a political football. This whole energy independence is simply a talking point, as oil and gas producers don't want to outpace consumption and now sell their product below the prevailing global prices.

Simply put- supply side policies will be the limits that actual companies will dictate production of wells .

Of course inflation continues to be a concern, but the blame is more about consumption vs politics. The USA is full of consumer demand...and lots of money and credit. Sadly the price of goods is less a political response as it is more of a greedy supplier side issue.

When given the opportunity any suppliers going to raise prices until it meets the demand curve.

I think Bambino mentioned about global commodities, that's exactly how all that works - wasn't suggesting anything other than that.

[Salty Again]

... Fair enough there, mate.

... Though - let's "Drill baby Drill! ...

#### Salty

[berryberry]

On a year-over-year basis, inflation under Senile Biden has averaged 5.5% – more than double the level of inflation seen under any of the last four presidents.

Under President Trump it was 1.9%

And now amid painful inflation that he caused, Senile Biden just endorsed a $2 trillion tax hike on earners under $400k

[eyecu2]

Biden-flation vs stock earnings

Wondering how our friends on the right can make sense of why corporate earnings are all beating estimates, when this inflation is so staggeringly high - reported by them, wouldn't that be inversely related?

If supposed rising costs, are being passed on to the consumer, how come we have earnings that propel the stock market in a spiral upward? Wouldn't that be the opposite if inflation was affecting the cost of goods and production, the squeeze would be to make earnings lower - right?

Meanwhile, when compared to the prior administration the stock market is almost four times as high as it was in 2020.

This inflation is a great joyride for those that have money in the markets. And a hell hole for folks on fixed income. Well folks that have limited fixed income anyway. By the way this is not opposed to try to say there isn't inflation going on - it's more about understanding the nature of it, the greed of corporations, and where the fault and blame lies.