- Dec 16, 2011
- Reaction score
- Political Leaning
Those funds only partially replace the lost income from covid. It will not cause inflation. Don't confuse the end of economically depressed prices with actual inflation. Gas is still cheaper than it was 10 years ago too. Oil prices going up are based on the confidence of the buyers that an economic upturn is in the works. That is a good thing. We all are sick of the pandemic aren't we?Who said anything about Panic, There is no panic... the point is still the same... "impose price freezes, when the economy is being stimulated by Federal Taxpayer Funds". It's nothing complicated nor panic prone about that.
As to gas, you should be asking yourself, why is gas going up? When we have been overfilling our reserves for years now, every since we became able to independently produce what we need during the Obama Administration Era!!
“Thankfully, America has vast domestic energy resources – enough oil and natural gas on federal lands alone to power 65 million cars for 60 years and heat 60 million households for 160 years,” the report states.