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Re:U.S. inflation reached a new four-decade high of 8.6% in May by voisin on Friday June 10, 2022 @09:41AM (#31694048)
It’ll last until money supply tightens.
Re:U.S. inflation reached a new four-decade high of 8.6% in May by readthenotes1 on Friday June 10, 2022 @10:24AM (#31694653)
And more gasoline is produced.
Re:U.S. inflation reached a new four-decade high of 8.6% in May by voisin on Friday June 10, 2022 @11:12AM (#31695292)
Everyone likes to blame the Russia-Ukraine conflict but inflation was spiking prior to supply issues. That war is a convenient scapegoat for politicians and bureaucrats who don’t want to take credit for profligate spending and loose policy for decades.
Re:U.S. inflation reached a new four-decade high of 8.6% in May by mc32 on Friday June 10, 2022 @11:20AM (#31695405)
Russia is a convenient excuse. It's not the reason. They cancel the XL and other pipelines but pressure KSA to produce more. The whitehouse has even admitted they are using this situation to push their stated agenda of transitioning to more renewables (noble, but not consequence free). They want to eat their cake and have it too. Reality does not work that way.
Re:U.S. inflation reached a new four-decade high of 8.6% in May by s1artibartfast on Friday June 10, 2022 @12:37PM (#31696411)
Energy prices have been going up much faster than inflation long before anything with Russia. Part is increase in cost of fossil fuels more expensive Renewables, and removing cheap coal. I'll add you to our projected savings from Renewables have not kicked in.

This isn't a good or bad judgement just the facts on the ground

Re:U.S. inflation reached a new four-decade high of 8.6% in May by kombucha13 on Saturday June 11, 2022 @08:54AM (#31704100)
Let me ask you, what was the type oil being pushed through that pipeline and where was that oil destined for and what was the max throughout of the pipeline? I suggest you look it up. If you look closely, you'll realize the XL pipeline would've actually caused an increase in crude prices in the Midwest and most of the oil was destined for export. KXL was a bad deal for Americans. It certainly wouldn't have led to an increase in energy security.
Re:U.S. inflation reached a new four-decade high of 8.6% in May by kombucha13 on Friday June 10, 2022 @07:34PM (#31700512)
Blaming the xl pipeline cancelation is silly.
Re:U.S. inflation reached a new four-decade high of 8.6% in May by readthenotes1 on Monday June 13, 2022 @06:43PM (#31732681)
The rising gasoline prices started well before the Russian war. They started almost immediately after we inaugurated a president who said he would shut down fracking, and followed through to the best of his ability.
Re:U.S. inflation reached a new four-decade high of 8.6% in May by JohnDeHope on Friday June 10, 2022 @12:05PM (#31696041)
"for decades"

I think this is important. Dumb political finger pointing is meaningless here. This issue has nothing to do with Democrats, or Republicans, or liberals, or conservatives, or this administration, or the previous one, or the previous six.

Re:U.S. inflation reached a new four-decade high of 8.6% in May by JohnDeHope on Friday June 10, 2022 @12:03PM (#31696012)
This is a nitpick, but profligate spending cannot create inflation. If I have a million dollars, and I spend a million dollars, that doesn't create inflation. Even if I spent the million dollars on stupid NFT cat gifs. I got the money from somewhere and I spent it, and sent it back out. No net inflation.

The inflation comes from the printing and spending of new money.

Re:U.S. inflation reached a new four-decade high of 8.6% in May by peyton on Friday June 10, 2022 @12:12PM (#31696130)
No. You’ve increased demand. Inflation refers to price level, not money supply.