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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's in part because we paid a lot of people a lot of money not to work during the pandemic, and people's expenses cratered when the did nothing. [/quote] No because inflation is global. US stimulus didn’t make oil prices higher.[/quote] If oil prices are the primary driver of inflation, why did Harris/biden unilaterally cancel the Canadian’s Keystone XL pipeline, deny the new oil leases, cap all the U.S. oil wells, and generally do all they could to hobble the U.S. oil and gas industry? Do Harris / biden want higher prices??[/quote] There's so much wrong in what you have written it's hard to know where to begin. Opposition to Keystone started in what is now Trump country--Nebraska farmers. The source of the oil--tar sands--is the least efficient and most expensive way to get crude oil. No guarantee this would have gone towards domestic supply: Dems tried to ensure Keystone oil would not be exported to China and elsewhere, but Repubs blocked that effort. BTW another oil company said in 2010 Keystone would have caused over-capacity in Canada pipelines to the US pipelines half empty. Covid caused wild swings in supply and demand, plus BEFORE the pandemic happened there was an oversupply that caused layoffs in the oil and gas industry in November 2019. Once the pandemic let up, pent-up demand triggered sky-rocketing prices (weirdly enough, the headlines about middle class people not being able to afford groceries coincide with the stories about record travel including record trips overseas). Gas prices have dropped since and keep dropping. [/quote]
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