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Re:Inflation rose 9.1% in June, even more than expected by throwaway2016a on Wednesday July 13, 2022 @03:19PM (#32087550)
> The war on domestic oil production

The way you worded that somehow makes me think you aren't talking about the OPEC+ deal from 2020 that drastically reduced oil supply. Because strangely, not a coincidence, domestic production has been up since that deal expired.

I don't disagree that oil prices drive inflation since almost everything needs transportation, especially in the US where even domestic goods have to travel huge distances. But a "war on domestic production" is not evidence based.

Closest thing that could be serious considered a war was OPEC+, which I understand why Trump did it, prices were plummeting and we wouldn't want the entire sector to crash.

Re:Inflation rose 9.1% in June, even more than expected by BlueTemplar on Wednesday July 13, 2022 @07:27PM (#32090019)
Also, as a reminder, oil prices have already been there (and even higher, briefly), between 2008 and 2014.