Anyone Afraid Of Inflation?

[Wally]

Biden Touts Lower-Than-Expected Inflation Numbers, Says It Proves Policies Are Working

President Joe Biden says that U.S. inflation rates are falling and that prices would return to normal at ...

www.theepochtimes.com

 

[Wally]

Inflation finally easing hides true toll of Bidenomics — it’s up 13.7% since he took office

“We’re clearly moving in the right direction,” said the president. Not as long as he’s steering.

nypost.com

 

[PT Stewie]

Inflation finally easing hides true toll of Bidenomics — it’s up 13.7% since he took office

“We’re clearly moving in the right direction,” said the president. Not as long as he’s steering.

nypost.com

Great article. One thing in didn't mention is that he has kept gas prices artificially low buy tapping into our strategic oil reserves.

 

[BrownFlush]

 

[bbsam]

Great article. One thing in didn't mention is that he has kept gas prices artificially low buy tapping into our strategic oil reserves.

That’s what it’s there for.

 

[IVE GOTTA PACKAGE 4U]

That’s what it’s there for.

No that's not what it is there for.

 

[bbsam]

No that's not what it is there for.

What do you think it’s for?

 

[bbsam]

Strategic Petroleum Reserve

Strategic Petroleum Reserve

www.energy.gov

 

[wilberforce15]

What do you think it’s for?

Relieving an actual shortage like an emergency fund.

Not smoothing out a price hike, as if a price hike is the same as an actual emergency.
You don't use your emergency fund to smooth the monthly budget.

Or maybe you do...

 

[wilberforce15]

A 50% price hike isn't an emergency.
A war where oil is actually becoming unavailable is an emergency.

See the difference?

 

[BrownFlush]

I've heard of those animals. Emergency funds.
Spend er all, baby!

 

[wilberforce15]

I've heard of those animals. Emergency funds.
Spend er all, baby!

My HOA had money piling up in an emergency fund and we're run by democrats.

Yeah, we got a new neighborhood entrance sign with a waterfall. Why let that money sit there?

Then we had to completely redo a retention pond and had no money.

bbsam must be on my board.

 

[bbsam]

A 50% price hike isn't an emergency.
A war where oil is actually becoming unavailable is an emergency.

See the difference?

The history of sales from the SPR suggests you are wrong.

 

[IVE GOTTA PACKAGE 4U]

What do you think it’s for?

Not to lower the price of fuel.
It's to make sure our country stays strong in case of a crisis and we have adequate fuel supply.

Not for us to be selling it to China

 

[Wally]

The reserve is for emergencies like winning mid-term elections!

 

[bbsam]

Not to lower the price of fuel.
It's to make sure our country stays strong in case of a crisis and we have adequate fuel supply.

Not for us to be selling it to China

Oil sales go to whoever is willing to pay for it. Always has been. I’d suggest you look into who has sold from the SPR and who it goes to.

Crisis includes economic crisis.

 

[IVE GOTTA PACKAGE 4U]

Oil sales go to whoever is willing to pay for it. Always has been. I’d suggest you look into who has sold from the SPR and who it goes to.

Crisis includes economic crisis.

I don't think selling our oil reserves to China is a good smart move, just in order to bring the price of gasoline down

 

[bbsam]

I don't think selling our oil reserves to China is a good smart move, just in order to bring the price of gasoline down

Maybe that’s not the reason it’s being sold.

 

[Thebrownblob]

Oil sales go to whoever is willing to pay for it. Always has been. I’d suggest you look into who has sold from the SPR and who it goes to.

Crisis includes economic crisis.

A crisis he created

 

[wilberforce15]

The history of sales from the SPR suggests you are wrong.

No, it just suggests that everyone abuses it. Like you are advocating.