Trump’s Inflation Fix Centers on Energy Emergency That Doesn’t Exist. Economists aren’t convinced that more oil and gas production will lower consumer prices. The US is already the world’s largest producer. “Shareholders do not want these companies to drill themselves into unprofitability..”

8 comments

1. The heritage foundation: Putin says good riddance and goodbye mother fuckers! It’s been nice knowing you!

2. It is beyond stupid.

   This is “old man yells at cloud” shit.

3. What economic benefit would oil companies get from drilling and producing more oil? It would drive down the price of a barrel of oil, which would drive down oil company profits. Less profits mean unhappy stockholders. Who do oil company CEO report to? Stockholders. So oil companies won’t have any urgency to drill baby drill. It’s all lip service for trumps gullible masses.

4. It’s part of a plan to sanction Russia, Iran and Venezuela.

5. Maybe idiot boy could focus on price gouging like the previous administration was doing.

6. Last year the US produced more oil than any country ever.

7. This is SOP. Inflation is already over. Last report was 2.7%. A lot of the remaining excess is housing and insurance which are both datasets with a long lag.

   So Trump will declare an emergency and do whatever his donors want, then declare the emergency solved and take credit for fixing it.

   But it was solved before he began. He is the best at solving problems he created. What he is not good at is operating in an actual crisis.

8. Has a good history of bankrupting even his own businesses…

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