OPEC and OPEC+ control the price and quantity of oil on the world market.
The US remains a net oil exporter.
Supply chain problems, logjams at the ports, and truck driver shortages (the usual 73% industry turnover rate is now 90%) are all a direct result of Pandemic lockdowns.
Inflation increased 6.2% over the past 12 months. About 1/2 of 1% per month.
1.6% of the increase was caused by rising oil and food prices.
The remaining 4.6% increase was due to the supply and demand issues created by supply chain problems caused by Covid-19 shutdowns.
Over the past 12 months real wages have increased by 4.9%.
Demagoguing the inflation issue is dangerous to our democratic-republic.
FOX, Newsmax, OAN, the Republican Big Lie Party, “moderate” Democrats Joe Manchin, et al, CNN (the Hawk network), and MSNBC should all stop demagoguing the inflation issue immediately.
OPEC and OPEC+ control the price and quantity of oil on the world market.
The US remains a net oil exporter.
Supply chain problems, logjams at the ports, and truck driver shortages (the usual 73% industry turnover rate is now 90%) are all a direct result of Pandemic lockdowns.
Inflation increased 6.2% over the past 12 months. About 1/2 of 1% per month.
1.6% of the increase was caused by rising oil and food prices.
The remaining 4.6% increase was due to the supply and demand issues created by supply chain problems caused by Covid-19 shutdowns.
Over the past 12 months real wages have increased by 4.9%.
Demagoguing the inflation issue is dangerous to our democratic-republic.
FOX, Newsmax, OAN, the Republican Big Lie Party, “moderate” Democrats Joe Manchin, et al, CNN (the Hawk network), and MSNBC should all stop demagoguing the inflation issue immediately.