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Re: Image comments for Revenge to .. help their base?
Posted by: pro_junior
Date: 27/11/2022 12:03AM
The Biden administration is in part responsible for inflation because they have taken steps that have limited the production of oil in the USA, which results in higher demand for oil from other countries. Higher demand means higher prices. Since the demand is worldwide the prices rise worldwide. If you increase the cost of fuel the result is higher costs to transport everything from raw materials to finished goods. Higher transportation cost means higher costs for all goods and services. Obviously there are other factors at play, i.e. Putin/Russia keeping their oil off of the world market, etc.
Joe Biden basically said he was going to kill the oil and gas industry when he was campaigning so no one should be surprised that everything costs more now.

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