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I feel like until we catch up on covid demand, there will be short supply and inflation on the shortages. But let's not forget that the oil companies are price
by snarf21 4y ago
I feel like until we catch up on covid demand, there will be short supply and inflation on the shortages. But let's not forget that the oil companies are price gouging now as punishment against growing green technology. This greatly increases the transportation cost of all goods and their components and can put upward pressure on wages to meet workers higher bills. I agree that raising interest rates will slow inflation but not curb it.
- vinay_ys 4y agoOil prices being high is a good thing for acceleration of renewable/green tech. Also, oil prices are a functional geo-politics.