[rustyp]

Originally Posted by TrapX

Oil prices went up when Biden took office. Well before Russia. Biden terminated land leases used for oil and natural gas wells. That reduced the supply. Caused the supply/demand to shift the US into a net oil importer. Now other countries can dictate the price, and it went way up.
Then getting land leases were restricted. So as old wells dry up, no new ones are happening. Lowering supply more. Leases were partially allowed to happen, but on the worst land possible, and no guarantees they won't be revoked again. What CEO would risk trillions of dollars constructing new wells?
Reducing natural gas supply, which powers electricity generation, forces generators to shut off. Oil powered generation is forced online to make up for that. And to generate power to charge all these green electric cars.
Increased oil demand caused gasoline prices to go way up. That raises the cost to transport everything. Manufacturers and farmers pay more to get raw materials. There is a higher cost to get those goods to stores. Costs for equipment needed to manufacture, store, transport, warehouse, display, and sell all go up.
Biden's "green" actions caused a huge portion of this inflation.
And you pay for all of it,

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