U.S. inflation reached a new four-decade high of 8.6% in May

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.

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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

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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.

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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.

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