If politicians said, "We have to reduce oil production for the sake of the environment, and yes, this will cause gas prices to sky-rocket, but that's the price we have to pay to save the environment, and we just have to be willing to pay it", that would at least be honest. (Not true, but honestly stating their beliefs.) If they wanted to be TRULY honest, they could add, "And many poor people are going to freeze to death in the dark because they won't be able to afford energy, but we're willing to pay that price too. Because the lives of poor people just aren't that valuable." But instead they implement policies that will inevitably increase energy prices, and then insist that the rising energy prices are not their fault. It's Russia, or the greedy oil companies, or Darth Vader, of anybody but them.
Frankly I was surprised when Obama started printing Monopoly money to "monetize the debt" that the inflation didn't kick in then. When the pearl clutching, "if it saves one life, it's worth it to shut everything down and pay the price later" became the defacto Covid policy, these problems became inevitable. You can't flip a switch to restart our economy. What happened after the Arab oil embargo in 1973 is repeating itself with a government that is hostile to oil and fossil fuel without first having an economically viable alternative ready to swap in. Of course it's Russia's fault- didn't the Demoncats spend Trump's entire administration trying to sell that hoax?
If politicians said, "We have to reduce oil production for the sake of the environment, and yes, this will cause gas prices to sky-rocket, but that's the price we have to pay to save the environment, and we just have to be willing to pay it", that would at least be honest. (Not true, but honestly stating their beliefs.) If they wanted to be TRULY honest, they could add, "And many poor people are going to freeze to death in the dark because they won't be able to afford energy, but we're willing to pay that price too. Because the lives of poor people just aren't that valuable." But instead they implement policies that will inevitably increase energy prices, and then insist that the rising energy prices are not their fault. It's Russia, or the greedy oil companies, or Darth Vader, of anybody but them.
Inflationary? or not: Giving everyone a gas rebate card because gas prices went up.
FJB !!!
Frankly I was surprised when Obama started printing Monopoly money to "monetize the debt" that the inflation didn't kick in then. When the pearl clutching, "if it saves one life, it's worth it to shut everything down and pay the price later" became the defacto Covid policy, these problems became inevitable. You can't flip a switch to restart our economy. What happened after the Arab oil embargo in 1973 is repeating itself with a government that is hostile to oil and fossil fuel without first having an economically viable alternative ready to swap in. Of course it's Russia's fault- didn't the Demoncats spend Trump's entire administration trying to sell that hoax?