Saturday, June 03, 2023

Biden's war on fossil fuels - Washington Times

Biden's war on fossil fuels - Washington Times--By James T. Moodey
"The real cause of inflation and how not to treat it...
  • The real cause of inflation is the war on fossil fuels. 
  • And the cure is to stop the war on fossil fuels. 
"...Overspending causes many problems, but it did not cause the current inflation. Inflation from 2009 to 2020 averaged 1.8%. And in 2020, it was 1.4%...
  • ...In the month after Jan. 24, 2021, our domestic oil production plunged from 13.1 million barrels per day — its highest level in history — to 9.7 million.
  • That same month, the oil price doubled from $55 per barrel to $110. Inflation soared to 9.6%...

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