Posted on 10/18/2021 8:48:36 AM PDT by JV3MRC
Inflationary pressures on the U.S. economy are getting so bad that even The Washington Post acknowledged that media arguments banging the transitory drum are falling flat.
The Post economics correspondent Heather Long wrote a damning news piece headlined, “Uncomfortable inflation is here, and it’s changing the economy.” Long wrote: “American families and businesses are altering their habits as they increasingly believe high prices are here to stay.” Long reported that “[n]ews this week that U.S. inflation is running at a 13-year high of 5.4 percent confirmed what many Americans already know as they juggle their budgets: Food, energy and shelter costs are all rising rapidly, adding to the strain Americans were already dealing with from the higher costs of hard-to-find goods such as cars, dishwashers and washing machines.” Housewares and beauty-product company Helen of Troy CEO Julien Mininberg dropped the cold hard truth to Long: “‘We’re assuming that the inflation is not going to be transitory, and we’re positioning ourselves accordingly.’”
(Excerpt) Read more at newsbusters.org ...
Inflation “just happens”?
Food prices are thru the roof here in Central Illinois.
Oh WP, you ain’t seen nothing yet.
When people start unsubscribing to the Washington Compost then you know things are getting bad.
They’re getting there for in Texas, too. Paid $17 a pound for strip steaks on Saturday, not gonna do that again. I’ll be looking for other cuts to grill on my Traeger.
With more to come! Had my first $50 gas tank fill-up this past week. :(
Food is up all across the board - things I buy are always store brands or generic brands. Coffee is up, milk is up, cheese is up, etc.
We’re only TEN months into this mess, Kids! Plan accordingly!
P.S. Plan on wearing lots of layers inside your own home this coming winter. ;)
Wait. I thought was no evidence of inflation.
Inflation is due to greedy corporations.
No, actually inflation is due to selfish hoarders!
Well, whatever, government deficits have nothing to do with it.
;-)
Hmmmm, inflation in food, commodities, real estate, energy.
I wonder what I should invest in.
Didn’t Buttigieg just tell us that is a good thing?
Distillate fuel prices shot up on Stupid’s first day of office when he killed the Keystone Pipeline project and have been rising ever since. Then, a few days ago, he asks the energy companies to please lower prices. Is he really that stupid?
For those “Greenies” who think killing the Keystone Pipeline helps the environment, you’re stupid as well. Look at the numbers:
KEYSTONE PIPELINE VS TRAIN VS SHIPS , TO MOVE OIL
Someone with a smart brain spent time putting some numbers together:
1 Train has 100 cars, 2 engines and weighs 27,240,000 LBS.
1 Train carries 3,000,000 gallons of oil.
1 train uses 55.5 gallons of diesel per mile.
It takes 119,000 gallons of diesel to go 2150 miles from Hardidsy, AB to Freeport, TX.
Keystone pipeline was to deliver 34,860,000 gallons of oil per day. It would take 12 trains and 1,428,000 gallons of diesel to deliver that amount. PER DAY! 521,220,000 gallons of diesel per year.
The oil will still go to market with or without the pipeline. By stopping the pipeline billions of gallons of diesel will be wasted and pollute needlessly. Does that make you feel good?
Stop the Tar Sands all together? Then we must ship the oil from the overseas sandbox.
1 large oil tanker can haul 120,000,000 gallons of oil
1 boat takes 15 days to float across the Atlantic.
1 boat uses 63,000 gallons of fuel PER DAY, that is about 1 million gallons of the most polluting type fuel in the world PER TRIP.*(See below)
Or take 3.5 days of Keystone Pipeline to move the same amount of oil with a fraction of the pollution.
*In international waters ship emissions remains one of the least regulated parts of our global transportation system. The fuel used in ships is waste oil, basically what is left over after the crude oil refining process. It is the same as asphalt and is so thick that when cold it can be walked upon . It’s the cheapest and most polluting fuel available and the world’s 90,000 ships chew through an astonishing 7.29 million barrels of it each day, or more than 84% of all exported oil production from Saudi Arabia.
Shipping is by far the biggest transport polluter in the world. There are 760 million cars in the world today emitting approx. 78,599 tons of Sulphur Oxides (SOx) annually. The world’s 90,000 vessels burn approx. 370 million tons of fuel per year emitting 20 million tons of Sulphur Oxides. That equates to 260 times more Sulphur Oxides being emitted by ships than the worlds entire car fleet. One large ship alone can generate approx. 5,200 tons of Sulphur oxide pollution in a year, meaning that 15 of the largest ships now emit as much SOx as the world’s 760 million cars.
Eliminate all gas consuming cars and diesel vehicles?
Worldwide car gas consumption is 403,583,712,000 gallons a year. That’s billion.
Worldwide oil consumption is 1,500,000,000,000 gallons a year. That’s trillion.
It takes 2.15 gallons of oil to make 1 gallon of car gas and .6 gal of diesel.
So it takes 867,704,980,800 gallons of oil to run the worlds cars, most diesel vehicles for a year and some ships.
That leaves 632,295,019,200 gallons of oil for other uses.
Passenger vehicles are only a very small percentage of the problem. If emissions are the problem why not just capture them at the exhaust? Create an industry to clean exhaust instead of crushing and entire industry and building a complete untested, replacement industry?
So are we willing to dramatically increase mining to get all the minerals necessary to make all these batteries and electric motors. Mining is way worse for the environment than oil extraction. Killing Keystone was glibly decided by emotional idiots without smart brains!
Destructive idiots are fooling Biden to destroy America, in order to boost their own standing with Foreign paymasters. THAT DOESN’T WORK FOR REAL AMERICANS, (CANADIANS are the most affected by this decision)
Going to the grocery store I notice food prices are doing just like the old 1940s Max Fleischer Superman cartoons.
“UP! UP! AND AWAY!”
A man I allow to hunt on my place asked me if I could use some deer meat.
I said “YES!” and he said he would get me some.
It will be good to get a break from ALPO!
When Biden killed the Keystone pipeline I noticed an uptick in oil tanker cars, lots of oil tanker cars, going South on the KCS line. KCS is now owned by Canadian Pacific.
I also remember when the Alaska Pipeline was killed. When told they would never finish it I said that when the next oil embargo hit it would be finished. It was.
Out of curiosity, how much power does it take to pump 34.9M gpd 2150 miles? Would be interesting to compare how much fuel a train burns compared to a power plant feeding giant pumps so that it’s an apples to apples comparison.
YES
Some of that build back better going on pain ensues.
How long before President Dr. Jill comes on TV wearing a sweater recommending we turn down our thermostats this winter?
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