2 ms·
"Deaths" from the pandemic have zero impact on inflation. Oil prices are high and have been climbing since a short-term bottom at the the start of the pandemic
by yobbo 4y ago
"Deaths" from the pandemic have zero impact on inflation.
Oil prices are high and have been climbing since a short-term bottom at the the start of the pandemic. Prices since february are not noteworthy.
Fossil fuel production seems to have peaked in 2018 or 2019 last I saw some charts.
Germany and Europe are shutting down coal and nuclear power plants, and this is having big and wide impact. Dependence on russian nat.gas, and thus the war (with gas prices), are just a few of the consequences. European energy price is raising the price of fertilizer, which is raising costs in agriculture, and so on.
But, for all that stimulus money to not cause inflation, world energy production would have had to double or 1.5x or something. But that's impossible.