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Part of it is oil and gas supply going down because of war and since producing anything requires energy, prices are going to go up regardless of the money suppl

• hutzlibu 4y ago
  Yeah but it does not look like the war is going away anytime soon. In case you missed it, russia partly mobilised today. So parent seems right refuting this claim: > since it seems it's been absorbed perfectly by the global economy.
• soperj 4y ago
  Inflation was 8.5% before the war started, it's now at 8.3%. I don't think your premise holds.
• slowhand09 4y ago
  Uh no. Oil and gas supply went down due to presidential mandates. Biden's “pause” on federal oil and gas leasing and drilling permits. And any new permits that might be approved on public lands had royalties increased from 12.5% to 18.75%. A 6.25% increase on production.
  • SideQuark 4y ago
    You can look at oil prices when the war started and see the jump. There was no such jump at any announcement of Biden. The evidence is clear and easily checked.