According to more than one conservatives here ...

[Cheerful Charlie]

A quick google suggests that current outages at some rather big refineries does indeed have a lot to do with high gas prices. YMMV.

 

[Jason Harvestdancer]

... we ditched reality-based economics in the 1980s in favor of libertarian, fantasy-based free market economics because reality-based economics couldn't handle stagflation. Now that fantasy-based, supply-side economics has caused the current stagflation what do we do? Go back to the reality-based economics of Keynes?

I believe that will not be the response. If for no other reason than the current crop of conservative and libertarian thought seems to be totally immune to any charge of hypocrisy. At least in their minds.

Surprise me.

I find this confusing. You assert on the one hand Keynesianism. You assert on the other hand at some points a free market and at other times supply side, as if there is some sort of interchangeability between the two.

 

[RVonse]

... we ditched reality-based economics in the 1980s in favor of libertarian, fantasy-based free market economics because reality-based economics couldn't handle stagflation. Now that fantasy-based, supply-side economics has caused the current stagflation what do we do? Go back to the reality-based economics of Keynes?

I believe that will not be the response. If for no other reason than the current crop of conservative and libertarian thought seems to be totally immune to any charge of hypocrisy. At least in their minds.

Surprise me.

We are experiencing inflation because of global supply constraints not really having anything to do with keynes economics or supply-side economics. Although the government has a lot of control (IMO too much control) over fiat currency, interest rates, and central bankers it has little or no way actually producing more goods and services out in the market place. At best, government can only encourage production of goods and in fact did just the opposite during the global pandemic. For political reasons, Biden did everything he could to reduce the supply of oil production after his first few days of taking office.

If you reduce the supply of goods it is exactly the same inflation as printing more money, too many dollars chasing too few goods.

 

[Harry Bosch]

... we ditched reality-based economics in the 1980s in favor of libertarian, fantasy-based free market economics because reality-based economics couldn't handle stagflation. Now that fantasy-based, supply-side economics has caused the current stagflation what do we do? Go back to the reality-based economics of Keynes?

I believe that will not be the response. If for no other reason than the current crop of conservative and libertarian thought seems to be totally immune to any charge of hypocrisy. At least in their minds.

Surprise me.

We are experiencing inflation because of global supply constraints not really having anything to do with keynes economics or supply-side economics. Although the government has a lot of control (IMO too much control) over fiat currency, interest rates, and central bankers it has little or no way actually producing more goods and services out in the market place. At best, government can only encourage production of goods and in fact did just the opposite during the global pandemic. For political reasons, Biden did everything he could to reduce the supply of oil production after his first few days of taking office.

If you reduce the supply of goods it is exactly the same inflation as printing more money, too many dollars chasing too few goods.

You are incorrect. I would recommend that you do some research before you post. And then sometimes provide evidence of your assertions. Just a thought. The US is the largest producer of oil in the world. US oil production has remained steady or even increased since Biden took over.

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

The below is an excellent link that describes how the price of crude oil is determined:

Gasoline Prices Up Due to Global Supply-Demand Issues, Russian Invasion of Ukraine - FactCheck.org

U.S. presidents have little control over the price that consumers pay for gasoline. It depends mostly on the price of crude oil, which is set on the global market, based largely on worldwide supply and demand. Yet Republican campaign ads have falsely claimed or suggested that President Joe Biden...

www.factcheck.org

 

[Jarhyn]

Call me a radical, but I think that there is a way to "cull" the population. Encourage consumerism! Encourage women's rights. Encourage liberalism and access to markets. Encourage school and economic development. The US isn't the problem. Yes, we consume too much. But our natural birth rate is one of the lowest in the world (along with Europe and Canada).

My bad. I didn't support my assertion. The US birth rate is 10.9 per 1,000. Among the lowest in the world.

World Bank Open Data

Free and open access to global development data

data.worldbank.org

As a comparison, Chad in Africa has a birth rate of 41.9. Not many options for girls in that country.

That was not the assertion I laughed about.

Instead of just laughing, can you present a counter-view?

I thought it was well established that promoting women’s rights and social old-age pensions resulted in lower birthrates almost immediately. And that this relates to “I want things in life” (consumerism) as an impetus for taking actions that tend to reduce childbearing.

So, I will counter that consumerism is a perverse subset of the superset "I want to build up any and every world I exist in"

Yes, part of such building is to build things into self, but even not all of that is consumerism

Much of it is producerism, and much of it is  socialism.

More, I expect that the driver of such an impetus is not purely selfish consumerism, so much as allowing forms of wills towards their goals that do not require more children. Without the requirement for so many children, general goal oriented thinking does the trick.

Consumerism specifically, to me, seems to have more narrow scope.

 

[Loren Pechtel]

If you reduce the supply of goods it is exactly the same inflation as printing more money, too many dollars chasing too few goods.

This. Which is why you shouldn't be blaming Biden--inflation was an inevitable effect of the supply shocks from the pandemic.

 

[RVonse]

This. Which is why you shouldn't be blaming Biden--inflation was an inevitable effect of the supply shocks from the pandemic.

Biden killed the keystone pipeline which hindered global oil supply.

 

[RVonse]

... we ditched reality-based economics in the 1980s in favor of libertarian, fantasy-based free market economics because reality-based economics couldn't handle stagflation. Now that fantasy-based, supply-side economics has caused the current stagflation what do we do? Go back to the reality-based economics of Keynes?

I believe that will not be the response. If for no other reason than the current crop of conservative and libertarian thought seems to be totally immune to any charge of hypocrisy. At least in their minds.

Surprise me.

We are experiencing inflation because of global supply constraints not really having anything to do with keynes economics or supply-side economics. Although the government has a lot of control (IMO too much control) over fiat currency, interest rates, and central bankers it has little or no way actually producing more goods and services out in the market place. At best, government can only encourage production of goods and in fact did just the opposite during the global pandemic. For political reasons, Biden did everything he could to reduce the supply of oil production after his first few days of taking office.

If you reduce the supply of goods it is exactly the same inflation as printing more money, too many dollars chasing too few goods.

You are incorrect. I would recommend that you do some research before you post. And then sometimes provide evidence of your assertions. Just a thought. The US is the largest producer of oil in the world. US oil production has remained steady or even increased since Biden took over.

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

The below is an excellent link that describes how the price of crude oil is determined:

Gasoline Prices Up Due to Global Supply-Demand Issues, Russian Invasion of Ukraine - FactCheck.org

U.S. presidents have little control over the price that consumers pay for gasoline. It depends mostly on the price of crude oil, which is set on the global market, based largely on worldwide supply and demand. Yet Republican campaign ads have falsely claimed or suggested that President Joe Biden...

www.factcheck.org

Its not the Russian invasion but the Biden sanctions of that invasion causing the supply problems. And we are seeing the west (especially Germany) paying for those sanctions right now more than Russia is.

Russia is set to switch off the gas for work on a key pipeline — and Germany fears the worst

Russia is poised to temporarily shut down the European Union's single biggest piece of gas import infrastructure.

www.cnbc.com

I would classify shutting off gas as a supply issue. Putin is obviously playing games because he wants to actually get paid for his gas. But you can not blame Putin for playing games when Biden has played games with the payment of that gas.

 

[ZiprHead]

This. Which is why you shouldn't be blaming Biden--inflation was an inevitable effect of the supply shocks from the pandemic.

Biden killed the keystone pipeline which hindered global oil supply.

Dirty energy lobbyists claimed developing tar sands would protect our national energy security and bring U.S. fuel prices down. But environmental reviews by both the Obama and Trump administrations concluded that the Keystone XL pipeline would not have lowered gasoline prices. NRDC and its partners also found the majority of Keystone XL oil would have been sent to markets overseas—aided by a 2015 reversal of a ban on crude oil exports.

What Is the Keystone XL Pipeline?

How a single pipeline project became the epicenter of an enormous environmental, public health, and civil rights battle.

www.nrdc.org

 

[Hermit]

Its not the Russian invasion but the Biden sanctions of that invasion causing the supply problems. And we are seeing the west (especially Germany) paying for those sanctions right now more than Russia is.

Russia is set to switch off the gas for work on a key pipeline — and Germany fears the worst

Russia is poised to temporarily shut down the European Union's single biggest piece of gas import infrastructure.

www.cnbc.com

I would classify shutting off gas as a supply issue. Putin is obviously playing games because he wants to actually get paid for his gas. But you can not blame Putin for playing games when Biden has played games with the payment of that gas.

What you call "the Biden sanctions" is just one part of the sum of sanctions imposed on Russia on account of its invasion of Ukraine. The European Union has collectively done likewise, as have the UK, Australia, Japan and other countries. Even countries that are historically neutral, such as Switzerland and Singapore, have decided to impose sanctions. On its own, US sanctions would have been largely ineffectual, especially in regard to financial institutions. Denying Russia access to SWIFT would have been impossible.

 

[Loren Pechtel]

This. Which is why you shouldn't be blaming Biden--inflation was an inevitable effect of the supply shocks from the pandemic.

Biden killed the keystone pipeline which hindered global oil supply.

Keystone would have benefitted the oil companies, it would have done nothing for world oil supply. The oil is still getting out, the lack of that chunk of pipe doesn't matter. It's just a matter of how direct a route it takes.

 

[Harry Bosch]

... we ditched reality-based economics in the 1980s in favor of libertarian, fantasy-based free market economics because reality-based economics couldn't handle stagflation. Now that fantasy-based, supply-side economics has caused the current stagflation what do we do? Go back to the reality-based economics of Keynes?

I believe that will not be the response. If for no other reason than the current crop of conservative and libertarian thought seems to be totally immune to any charge of hypocrisy. At least in their minds.

Surprise me.

We are experiencing inflation because of global supply constraints not really having anything to do with keynes economics or supply-side economics. Although the government has a lot of control (IMO too much control) over fiat currency, interest rates, and central bankers it has little or no way actually producing more goods and services out in the market place. At best, government can only encourage production of goods and in fact did just the opposite during the global pandemic. For political reasons, Biden did everything he could to reduce the supply of oil production after his first few days of taking office.

If you reduce the supply of goods it is exactly the same inflation as printing more money, too many dollars chasing too few goods.

You are incorrect. I would recommend that you do some research before you post. And then sometimes provide evidence of your assertions. Just a thought. The US is the largest producer of oil in the world. US oil production has remained steady or even increased since Biden took over.

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

The below is an excellent link that describes how the price of crude oil is determined:

Gasoline Prices Up Due to Global Supply-Demand Issues, Russian Invasion of Ukraine - FactCheck.org

U.S. presidents have little control over the price that consumers pay for gasoline. It depends mostly on the price of crude oil, which is set on the global market, based largely on worldwide supply and demand. Yet Republican campaign ads have falsely claimed or suggested that President Joe Biden...

www.factcheck.org

Its not the Russian invasion but the Biden sanctions of that invasion causing the supply problems. And we are seeing the west (especially Germany) paying for those sanctions right now more than Russia is.

Russia is set to switch off the gas for work on a key pipeline — and Germany fears the worst

Russia is poised to temporarily shut down the European Union's single biggest piece of gas import infrastructure.

www.cnbc.com

I would classify shutting off gas as a supply issue. Putin is obviously playing games because he wants to actually get paid for his gas. But you can not blame Putin for playing games when Biden has played games with the payment of that gas.

I think that it's a fair to say that Biden's actions of trying to stop the Russian invasion of eastern Europe is causing increased inflation and shutting off oil supply from Russia. I 1,000 percent agree with Biden, and maybe this will need to get sorted out at the ballot box.