Inflation accelerates 7.5% in January, hitting a fresh 40-year high

Lionfish said:
You seem a bit upset. Supply chain issues with flies?
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Remind me...who was President back when the shelves were bare of toilet paper and hand sanitizer???

Oh right, your guy Trump was.

Funny how you didn't mention supply chain issues then...must be because you were too busy providing cover for Trump by repeating his "it's no worse than the flu" bullshit.

What's even more pathetic about that is that Trump told Bob Woodward it was "deadly stuff", but he lied to your stupid ass because he thinks you're a fucking moron.

And you know what? He's right about that. You are a fucking moron. That's why Trump didn't tell you the same thing he told Bob Woodward; he thinks Woodward is smart and you're an idiot.
 
Lionfish said:
I just filled up and paid my heating bill.
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Sure ya did.


You will have to do your own research on the genius of Trump's policies but suffice to say, when Trump was in his second year, the US was a net exporter of oil and natural gas. Play on the google machine to see where we are now.
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Doesn't fucking matter because the US doesn't control the price of oil.

So you could extract allllllll the oil reserves in the US and you wouldn't even shift the price per barrel by so much as $1.

The reason is because OPEC controls 80% of the global oil reserves, and we control 2.1%.

So in Conservatardia, is 2.1% > or < 80%?

Use your words.
 
Fed is now facing much stronger and frequent rises in interest rates to combat this. Going to be quite unpleasant for the financial markets so, yes, that biblical correction is on the way as I've been telling you.
 
ThatOwlWoman said:
So you're claiming that Biden made fuel/oil prices rise? How, exactly, did he do that?

*gets popcorn*
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He has been attacking pipelines meaning refineries has to start searching for feedstocks for the future aborting existing contracts, He administration is limiting fracking efforts, NG efforts, and new drilling efforts. He has turned Texas upside down driving oil to $90 per barrel, democrats always create less disposable income, it will cost them in Novmber
 
Celticguy said:
Fed is now facing much stronger and frequent rises in interest rates to combat this. Going to be quite unpleasant for the financial markets so, yes, that biblical correction is on the way as I've been telling you.
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And Trump will be reinstated to the White House in April?

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Stringfellow Hawk said:
He has been attacking pipelines meaning refineries has to start searching for feedstocks for the future aborting existing contracts, He administration is limiting fracking efforts, NG efforts, and new drilling efforts. He has turned Texas upside down driving oil to $90 per barrel, democrats always create less disposable income, it will cost them in Novmber
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Oh yes, of course. :rolleyes:

So let's see your credible sources for this utter malarkey. I'll wait.
 
ThatOwlWoman said:
Oh yes, of course. :rolleyes:

So let's see your credible sources for this utter malarkey. I'll wait.
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"A Wyoming Energy Authority study covering 97 percent of federal onshore oil and gas production calculated that, by the end of President Biden’s first term, a ban on leasing and drilling will cost $43.8 billion in Gross Domestic Product (GDP), more than 72,000 jobs annually, and $19.6 billion in lost wages."
read more
https://westerman.house.gov/media-center/in-the-news/president-biden-reverse-energy-ban

"These rising gas prices are a direct result of President Biden’s energy agenda. Since taking office, Mr. Biden has systematically dismantled President Trump’s policies that helped the U.S. become energy independent." read more
https://www.wicker.senate.gov/2021/8/wicker-biden-undermines-u-s-energy-independence

"The national average price of gasoline recently rose to $3.42 a gallon, up from $2.11 a year ago, according to AAA. This means filling up your tank could be $10, $20 or $30 more expensive than a year ago"
(it's up to $3.65 a gallon here)
https://www.msn.com/en-us/money/new...g-into-strategic-petroleum-reserve/ar-AARGlRk

You can google more articles (if you choose) that say the same things, so attack the articles, not the sources (yep, some are even from the left wing sources).
Have you been to the grocery store lately? Hell, the local pharmacy was out of Tylenol (among other over-the-counter medications)! Grocery shelves have a very limited selection (says the GF).
Gas prices are rising like crazy. You can't even get the ingredients to mix paint (according to a friend who has a body shop). FJB.
 
LV426 said:
Only if your ass is too worthless to get a raise, which appears to be the case here.

Inflation doesn't affect you if you're good at what you do...which you aren't.
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STFU! asshole :rolleyes:

Go the fuck away, you useless piece of shit!
 
RB 60 said:
"A Wyoming Energy Authority study covering 97 percent of federal onshore oil and gas production calculated that, by the end of President Biden’s first term, a ban on leasing and drilling will cost $43.8 billion in Gross Domestic Product (GDP), more than 72,000 jobs annually, and $19.6 billion in lost wages."
read more
https://westerman.house.gov/media-center/in-the-news/president-biden-reverse-energy-ban

"These rising gas prices are a direct result of President Biden’s energy agenda. Since taking office, Mr. Biden has systematically dismantled President Trump’s policies that helped the U.S. become energy independent." read more
https://www.wicker.senate.gov/2021/8/wicker-biden-undermines-u-s-energy-independence

"The national average price of gasoline recently rose to $3.42 a gallon, up from $2.11 a year ago, according to AAA. This means filling up your tank could be $10, $20 or $30 more expensive than a year ago"
(it's up to $3.65 a gallon here)
https://www.msn.com/en-us/money/new...g-into-strategic-petroleum-reserve/ar-AARGlRk

You can google more articles (if you choose) that say the same things, so attack the articles, not the sources (yep, some are even from the left wing sources).
Have you been to the grocery store lately? Hell, the local pharmacy was out of Tylenol (among other over-the-counter medications)! Grocery shelves have a very limited selection (says the GF).
Gas prices are rising like crazy. You can't even get the ingredients to mix paint (according to a friend who has a body shop). FJB.
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Record inflation is costing the average American household an additional $276 per month on expenses, with millennials, Latinos, and the middle class especially feeling the pinch, according to a new study.

Ryan Sweet, a senior economist at Moody’s Analytics, studied the average spent by a US household during 7.5% inflation and compared those figures to data from 2018 and 2019, when inflation hovered around 2.1%.

He came up with the $276 figure by factoring in different prices for goods and services.

“A lot of people are hurting because of high inflation. $276 a month — that’s a big burden,” Sweet told the Wall Street Journal.

“It really hammers home the point of ‘What is the cost of inflation?'”

On Thursday, the feds said the US consumer price index rose another 0.6% in January, bringing the total rate of inflation over the past 12 months to 7.5% — the fastest in 40 years. When excluding food and fuel, which fluctuates on a monthly basis, the inflation index rose 6% — the fastest since 1982
https://nypost.com/2022/02/10/inflation-costs-average-us-household-250-more-a-month-study/
 
RB 60 said:
"A Wyoming Energy Authority study covering 97 percent of federal onshore oil and gas production calculated that, by the end of President Biden’s first term, a ban on leasing and drilling will cost $43.8 billion in Gross Domestic Product (GDP), more than 72,000 jobs annually, and $19.6 billion in lost wages."
read more
https://westerman.house.gov/media-center/in-the-news/president-biden-reverse-energy-ban

"These rising gas prices are a direct result of President Biden’s energy agenda. Since taking office, Mr. Biden has systematically dismantled President Trump’s policies that helped the U.S. become energy independent." read more
https://www.wicker.senate.gov/2021/8/wicker-biden-undermines-u-s-energy-independence

"The national average price of gasoline recently rose to $3.42 a gallon, up from $2.11 a year ago, according to AAA. This means filling up your tank could be $10, $20 or $30 more expensive than a year ago"
(it's up to $3.65 a gallon here)
https://www.msn.com/en-us/money/new...g-into-strategic-petroleum-reserve/ar-AARGlRk

You can google more articles (if you choose) that say the same things, so attack the articles, not the sources (yep, some are even from the left wing sources).
Have you been to the grocery store lately? Hell, the local pharmacy was out of Tylenol (among other over-the-counter medications)! Grocery shelves have a very limited selection (says the GF).
Gas prices are rising like crazy. You can't even get the ingredients to mix paint (according to a friend who has a body shop). FJB.
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Nope. Opinion pieces are not credible evidence of anything other than cherrypicking to get the results you want. The only non-opinion bit in your quoted comments is the MSN article about rising fuel costs.
 
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