Why this "guarantee" has caused inflation to increase 105%

[healthmyths]

For some of you this is repetitive and unnecessary BUT for the majority the following FACTS explain how this statement CAUSED prices to rise!

What commodity described in the below "guarantee" by being destroyed raise prices for over 6,000 products.
Petrochemicals derived from oil and natural gas make the manufacturing of over 6,000 everyday products and high-tech devices possible.
Major petrochemicals—including ethylene, propylene, acetylene, benzene, and toluene, as well as natural gas constituents like methane,
propane, and ethane—are the feedstock chemicals for the production of many of the items we use and depend on every day.

https://www.energy.gov/sites/prod/files/2019/11/f68/Products%20Made%20From%20Oil%20and%20Natural%20Gas%20Infographic.pdf

For example: P&G said it's raising prices to offset some cost pressures, including transportation, labor and commodities it uses to manufacture its products. The US producer price index, a gauge for prices manufacturers are paying, rose 9.7% annually.

https://www.cnn.com/2022/01/19/business/tide-gain-downy-laundry-detergent-prices/index.html#:~:text=P%26G%20said%20it's%20raising%20prices,and%20labor%20markets%20remain%20tight.

And remember many of those items have to be transported to the supermarkets...by "fossil fuels"!
Our economy depends on trucks to deliver ten billion tons of virtually every commodity consumed—
over 80 percent of all freight transported annually in the U.S.

https://www.trucking.org/sites/default/files/2019-12/When%20Trucks%20Stop%20America%20Stops.pdf

So when Biden (and Harris supports this policy ) "guaranteed" ... this was one of many reactions by the fossil fuel industry...
The CEO of Chevron, Mike Wirth's said..."You’re looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying,‘We don’t want these products.’”

Bloomberg - Are you a robot?

"I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM

 

[pknopp]

A guarantee completely and totally unfilled.

 

[LordBrownTrout]

View attachment 1029293


For some of you this is repetitive and unnecessary BUT for the majority the following FACTS explain how this statement CAUSED prices to rise!

What commodity described in the below "guarantee" by being destroyed raise prices for over 6,000 products.
Petrochemicals derived from oil and natural gas make the manufacturing of over 6,000 everyday products and high-tech devices possible.
Major petrochemicals—including ethylene, propylene, acetylene, benzene, and toluene, as well as natural gas constituents like methane,
propane, and ethane—are the feedstock chemicals for the production of many of the items we use and depend on every day.

https://www.energy.gov/sites/prod/files/2019/11/f68/Products%20Made%20From%20Oil%20and%20Natural%20Gas%20Infographic.pdf

For example: P&G said it's raising prices to offset some cost pressures, including transportation, labor and commodities it uses to manufacture its products. The US producer price index, a gauge for prices manufacturers are paying, rose 9.7% annually.

https://www.cnn.com/2022/01/19/business/tide-gain-downy-laundry-detergent-prices/index.html#:~:text=P%26G%20said%20it's%20raising%20prices,and%20labor%20markets%20remain%20tight.

And remember many of those items have to be transported to the supermarkets...by "fossil fuels"!
Our economy depends on trucks to deliver ten billion tons of virtually every commodity consumed—
over 80 percent of all freight transported annually in the U.S.

https://www.trucking.org/sites/default/files/2019-12/When%20Trucks%20Stop%20America%20Stops.pdf

So when Biden (and Harris supports this policy ) "guaranteed" ... this was one of many reactions by the fossil fuel industry...
The CEO of Chevron, Mike Wirth's said..."You’re looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying,‘We don’t want these products.’”

Bloomberg - Are you a robot?

"I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM

View attachment 1029292

They can't even begin to comprehend how worthless wind and solar are AND how exponentially toxic these supplemental energies are to our environment.

 

[Mac1958]

A guarantee completely and totally unfilled.

It didn't matter in this context, anyway. This isn't what caused the inflation.

We've had plenty of oil/gas spikes over the years that didn't trigger inflation.

But they're going to run with this for political expediency (and aggressive ignorance), and it works. Whatever.

U.S. Crude Oil First Purchase Price (Dollars per Barrel)

 

[pknopp]

It didn't matter in this context, anyway. This isn't what caused the inflation.

No it wasn't but it was still a stupid thing to say.

We've had plenty of oil/gas spikes over the years that didn't trigger inflation.

But they're going to run with this for political expediency (and aggressive ignorance), and it works. Whatever.

U.S. Crude Oil First Purchase Price (Dollars per Barrel)

It doesn't happen if Biden doesn't say it.

 

[Mac1958]

No it wasn't but it was still a stupid thing to say.

It was definitely a stupid to say, you bet.

 

[LordBrownTrout]

Inflation is around 20 percent right now. The worthless policies of this admin and previous glowarmers are huge contributors.

 

[berg80]

View attachment 1029293


For some of you this is repetitive and unnecessary BUT for the majority the following FACTS explain how this statement CAUSED prices to rise!

What commodity described in the below "guarantee" by being destroyed raise prices for over 6,000 products.
Petrochemicals derived from oil and natural gas make the manufacturing of over 6,000 everyday products and high-tech devices possible.
Major petrochemicals—including ethylene, propylene, acetylene, benzene, and toluene, as well as natural gas constituents like methane,
propane, and ethane—are the feedstock chemicals for the production of many of the items we use and depend on every day.

https://www.energy.gov/sites/prod/files/2019/11/f68/Products%20Made%20From%20Oil%20and%20Natural%20Gas%20Infographic.pdf

For example: P&G said it's raising prices to offset some cost pressures, including transportation, labor and commodities it uses to manufacture its products. The US producer price index, a gauge for prices manufacturers are paying, rose 9.7% annually.

https://www.cnn.com/2022/01/19/business/tide-gain-downy-laundry-detergent-prices/index.html#:~:text=P%26G%20said%20it's%20raising%20prices,and%20labor%20markets%20remain%20tight.

And remember many of those items have to be transported to the supermarkets...by "fossil fuels"!
Our economy depends on trucks to deliver ten billion tons of virtually every commodity consumed—
over 80 percent of all freight transported annually in the U.S.

https://www.trucking.org/sites/default/files/2019-12/When%20Trucks%20Stop%20America%20Stops.pdf

So when Biden (and Harris supports this policy ) "guaranteed" ... this was one of many reactions by the fossil fuel industry...
The CEO of Chevron, Mike Wirth's said..."You’re looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying,‘We don’t want these products.’”

Bloomberg - Are you a robot?

"I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM

View attachment 1029292

You went to a lot of trouble to end up failing to show a causal link between any Biden policy on oil production and the post COVID global spike in oil prices.

 

[berg80]

Inflation is around 20 percent right now.

Belief in misinformation like that is a huge problem in America.

 

[LordBrownTrout]

Belief in misinformation like that is a huge problem in America.

No, its actual fact. I can see it when I make purchases. Being oblivious and slurping up govt lies is what the ignorant do and is a massive problem. Its sad but this is where we are. No no, the worst misinformation is the govt now continually lying to the populace.

 

[Lesh]

Current inflation is 2.3%

 

[Mac1958]

Belief in misinformation like that is a huge problem in America.

They really do think that inflation is increasing at 20%. Or 50% or 200%, whatever pops into their minds or whatever they see on the internet. The inflation figures provided by the government are lies because they're low.

Then, magically, they'll say the first inflation report under a Trump admininstration was OVER-stated. Because, you know why.

All we can do at this point is observe.

 

[Lesh]

And point out the lies

 

[berg80]

No, its actual fact.

No it isn't. Furthermore, you know it isn't. Lying has become habitual for you, like Dear Leader.

 

[BluesLegend]

Why are dumb ass Democrats against using recycled plants and dinosaurs for fuel??

 

[BluesLegend]

They can't even begin to comprehend how worthless wind and solar are AND how exponentially toxic these supplemental energies are to our environment.

The same Dem geniuses banned paper bags to save a tree and forced us to switch to plastic bags...which created a giant plastic bag ecological disaster. Now the same Dem geniuses for forcing us back to paper bags with nary a word about saving a tree. Morons!