Over 50% of inflation is due to corporate profits.
Over 50% of inflation is due to corporate profits not the cost of making things. [media=https://www.instagram.com/reel/DC6_I1jP_6X/?igsh=NTc4MTIwNjQ2YQ==]
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JonLosAngeles66 · M
@YoMomma US oil production was at an all time high under a Biden. Fact. Inflation was worldwide as demand exploded as the vaccines did their job. Fact.
BizSuitStacy · M
@JonLosAngeles66 then how come the US went from being a net exporter, to a net importer. Biden shut down the XL pipeline, stopped new drilling leases, and oil prices sky rocketed. Even dipped into the strategic oil reserve. And banned drilling offshore CA as a parting gift to keep production low. Yet somehow, the narrative defies all economic logic, and the US was producing more oil than ever.
Of course...the gov't would never lie to the public. 🙄
Of course...the gov't would never lie to the public. 🙄
JonLosAngeles66 · M
@BizSuitStacy look it up.
BizSuitStacy · M
@JonLosAngeles66 I did a long time ago. Smells like a southern CA feedlot on a windless summer day. Fail
JonLosAngeles66 · M
@BizSuitStacy https://www.vox.com/climate/24098983/biden-oil-production-climate-fossil-fuel-renewables
JonLosAngeles66 · M
@BizSuitStacy https://www.eenews.net/articles/what-bidens-oil-record-means-for-the-industrys-future/
JonLosAngeles66 · M
@BizSuitStacy https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/
JonLosAngeles66 · M
https://www.eia.gov/todayinenergy/detail.php?id=61545
JonLosAngeles66 · M
I could keep posting the same thing from more sources.
BizSuitStacy · M
@JonLosAngeles66 I told you already...I've seen the articles. When you increase oil production, oil prices come down. That didn't happen. Instead, the US went from being a net exporter to a net importer. I trust economic principles over left wing media.